The Relationship Between Sharia Law and International Commercial Dissertation

The Relationship Between Sharia Law and International Commercial arbitrement - Dissertation ensampleration. Procedural issues, such as access to justice, service of process, standards of fair trial, evidence, independence and impartiality of arbitrators, joinder, intervention and consolidation, confidentiality of the arbitral proceedings, arbitral interim measures, requirements for an arbitral award. Substantial issues involving the merits of the dispute, such as the application of uniform law and requisite rules. Acceptance of prior or intervening court judgments/ arbitral awards that may be recognized as res judicata and similar issues.4 Overall, the central debate in resolving issues slightly the merits of a dispute revolves about whether arbitrators can or should rely upon the general principles of law instead of the legal organization of any one State. The debate gains significance when the issue is addressed differently by the general principles of law and the legal system of the state, and controversy exists in the degree to which the clashing principles of sovereignty and pacta sunt servanda should apply. b) Source of general principles of law in worldwide commercial arbitration The phrase general principles of law conveys the impression of a set of rules spontaneously arrived at by international businessmen the truth, however, is that they are rules grounded in national legal systems. It must be clarified that the general principles of international law are not always applicable in all situations. In those instances that the parties have stipulated in their agreement their choice of law or rules of law that is to govern their relationship, there is no instance when general principles of law shall apply. Arbitrators are bound to respect the choice of the parties. The following are the much popular ICA rules according to institution i) International Centre for Settlement of Investment Disputes (ICSID) Convention, Regulations and Rules ii) ICSID Ad ditional Facility Rules iii) capital of the United Kingdom Court of International Arbitration (LCIA) Arbitration Rules iv) International Chamber of Commerce (ICC) Dispute Resolution Rules v) (United Nations outfit on International Trade Law (UNCITRAL) Arbitration Rules vi) Permanent Court of Arbitration Rules vii) American Arbitration Association (AAA) International Arbitration Rules viii) International Bar Association (IBA) Rules on the Taking of Evidence in International Commercial Arbitration 2) Islam and its Legal System a) Overview of Sharia The word Sharia is Arabic for the running or the way,5 or more descriptively, a path or way to a wet hole in the desert.6 The more figurative meaning would be the path Allah or theology had designated for humankind to follow in