Introduction:

International trade has witnessed tremendous development thanks to globalization and digital technology, leading to the expansion of trade relations between companies across borders. With this expansion, the need for effective tools to resolve commercial disputes that may arise between parties in the context of international business relationships has emerged. International commercial arbitration is one of the most effective means of resolving such disputes. With the advent of digital technology, electronic arbitration has become an integral part of the modern legal system. International and electronic commercial arbitration is governed by principles established by laws and international agreements, offering the parties the freedom to choose arbitrators, applicable rules, and procedures that ensure a fast and efficient solution, away from the complexities of traditional courts.

The Concept of International and Electronic Commercial Arbitration:

International commercial arbitration is a process for resolving disputes that arise in the context of trade between parties from different countries, outside national courts. The disputing parties agree to refer the dispute to independent arbitrators to resolve it based on pre-agreed rules. Arbitration is an attractive option for companies due to its flexibility, confidentiality, and effectiveness compared to ordinary judicial procedures.

On the other hand, electronic arbitration represents the application of traditional arbitration using modern digital means. Arbitration sessions can be conducted online, and documents can be exchanged electronically, reducing costs and saving time. This type of arbitration provides effective solutions for disputes arising in modern digital and commercial environments that increasingly rely on e-commerce and digital transactions.

The Importance of Electronic Arbitration in the Digital Age:

With the rapid development of technology, electronic commercial disputes have become an integral part of the global economy. Electronic arbitration enables disputing parties to resolve their conflicts in a way that suits the demands of the digital age, where evidence is presented, and sessions are conducted online. This method offers great flexibility in scheduling sessions and achieving justice without the need for physical presence in a particular location. Additionally, electronic arbitration opens the door for small and medium-sized enterprises to benefit from this mechanism due to its lower costs and speed compared to traditional arbitration.

Challenges Facing Electronic Arbitration:

Despite the many benefits electronic arbitration offers, it faces some challenges. One of the most prominent challenges is cybersecurity and data protection. There may be concerns about the hacking or leaking of confidential information related to the dispute. Additionally, some traditional legal systems may struggle to adapt to this new form of arbitration, particularly in countries that have not yet developed the legal infrastructure to fully support electronic arbitration.

Conclusion:

International and electronic commercial arbitration represents a powerful and effective tool for resolving commercial disputes in the digital age. With the increasing reliance on technology and e-commerce, electronic arbitration is becoming a preferred option for many companies. Despite some challenges, the significant benefits this type of arbitration offers make it a promising future option for resolving international disputes. Countries and institutions need to enhance their legal and technological infrastructure to ensure the success and sustainability of this modern form of arbitration.