SETTLING OF TRADE DISPUTES WITH ELEMENT OF FOREIGN ITERFERENCE

• Main Author: Рајко Касагић, PhD
• Format: Article
• Language: English
• Published: University of Banja Luka, Faculty of Economics 2003-06-01
• Series: Acta Economica
• Subjects: arbitration, national court, business transaction, trade law, dispute
• Online Access: http://ae.ef.unibl.org/index.php/AE/article/view/346
• ISSN: 1512-858X; 2232-738X

Arbitration settling of disputes among economic subjects as a result of business transactions with element of foreign interference is more and more important for of judging. Even though, gradually it has more important role in settling disputes than the state courts have. The big influence on this kind of judging comes from neces sity of more intensive goods ad services exchange. Those relationships cause disputes which disputed sides send to international trade arbitration eliminating direct intervention of national systems of the state administrative justice The fact if the dispute among the economists of various countries will be settled by one of the country ´s administration of justice or by the international trade arbitration af fects the intensity of goods ad services exchange. Then, it also af fects new achievements spread all over the world. Finally, it affects overcoming of heterogeneity of national economic and law systems. While making a contract with an international trade arbiter to settle a dispute it is necessary to know its book of rules and national, material and process administration of justice which will be applied by the arbitration. That ´s why Yugoslav Economy Chamber and our economy subjects are responsible for making contracts about foreign trade arbitration. According to its way of work and liberal use of its Book of Rules, it has all characteristics of standard unification regarding the work of the international trade arbiters.