The Legal Authority of International Arbitration as an Alternative Method for Resolving Investment Disputes

Abstract

This paper aims to provide an understanding of the importance of arbitration as an alternative dispute resolution method. Furthermore, it presents a jurisdictional figure that transcends as a fundamental element in resolving disputes. It is important to bear in mind that there must be a prior consensual agreement between the parties to resolve their differences in the event of any future breach of contract. Therefore, they would not turn to a judicial body but rather to a recognized private entity that would resolve their disputes with the same authority as a court ruling. The methodology used for this research was bibliographic and documentary research, with a particular focus on the analysis of legal norms.