This paper is going to present the following three key ideas: Firstly, arbitration is a system that still has some dependencies on state power. Nevertheless, it is a striking example of how the private sector initiative can implement sophisticated mechanisms of private conflict resolution....

This paper starts from the assumption that international arbitration easily fits in with a pluralist conception of global law. Globalization has created new informal instruments of regulation, and arbitration is an efficient tool for enforcing them. First, the paper presents a brief analysis of...