Skip to main content

International Litigation & Arbitration

  • 350 Accesses

Abstract

The world of international dispute resolution has changed significantly in the last ten to fifteen years. International actors now must consider a wide array of options regarding how, when and where their legal disputes will be resolved. This entry discusses the various means of resolving international legal disputes and outlines how law and economics analysis has helped rationalize an increasingly chaotic field of law. In so doing, the discussion considers four core areas of concern: the effectiveness of international dispute resolution; competition between and within different dispute resolution mechanisms; choice of substantive and procedural law and conflict of laws; and third-party funding.

This is a preview of subscription content, log in via an institution.

References

General

  • Arruñada B, Andonova V (2008) Common law and civil law as pro-market adaptations. Wash Univ J Law Policy 26:81–130

    Google Scholar 

  • Bjorklund AK (2007) Private rights and public international law: why competition among international economic law tribunals is not working. Hastings Law J 59:241–307

    Google Scholar 

  • Born G (2012) A new generation of international adjudication. Duke Law J 61:775–879

    Google Scholar 

  • Danielsen D (2011) Economic approaches to global regulation: expanding the international law and economics paradigm. J Int Bus Law 10:23–89

    Google Scholar 

  • Dezalay Y, Garth B (1995) Merchants of law as moral entrepreneurs: constructing international justice from the competition for transnational business disputes. Law Soc Rev 29:27–62

    Article  Google Scholar 

  • Dunoff JL, Trachtman JP (1999) Economic analysis of international law. Yale J Int Law 24:1–59

    Google Scholar 

  • Ginsburg T, McAdams RH (2004) Adjudicating in anarchy: an expressive theory of international dispute resolution. William Mary Law Rev 45:1229–1331

    Google Scholar 

  • Guzman A (2008a) How international law works: a rational choice theory. Oxford University Press, Oxford

    Book  Google Scholar 

  • Guzman A (2008b) International tribunals: a rational choice analysis. Univ Pa Law Rev 157:171–235

    Google Scholar 

  • Guzman A, Simmons BA (2002) To settle or empanel? An empirical analysis of litigation and settlement at the World Trade Organization. J Legal Stud 31:205–227

    Article  Google Scholar 

  • Kessedjian C (2005) Dispute resolution in a complex international society. Melb Univ Law Rev 29:765–808

    Google Scholar 

  • Ller HE (2011) The transnational law market, regulatory competition, and transnational corporations. Indiana J Glob Legal Stud 18:707–749

    Article  Google Scholar 

  • Mattei U (1997) Comparative law and economics. University of Michigan Press, Ann Arbor

    Google Scholar 

  • McConnaughay PJ (2001) The scope of autonomy in international contracts and its relation to economic regulation and development. Columbia J Transnatl Law 39:595–656

    Google Scholar 

  • Michaels R, Jansen N (2006) Private law beyond the state? Europeanization, globalization, privatization. Am J Comp Law 54:843–890

    Google Scholar 

  • Oman N (2005) Corporations and autonomy theories of contract: a critique of the new lex mercatoria. Denver Univ Law Rev 83:101–145

    Google Scholar 

  • Rutledge PB (2012) Convergence and divergence in international dispute resolution. J Dispute Resol 2012:49–61

    Google Scholar 

  • Rühl G (2006) Methods and approaches in choice of law: an economic perspective. Berkeley J Int Law 24:801–841

    Google Scholar 

  • Sanchirico CW (2012) 8 Encyclopedia of law and economics: procedural law and economics. Edward Elgar, Cheltenham

    Google Scholar 

  • Shaffer GC, Pollack MA (2010) Hard vs. soft law: alternatives, complements, and antagonists in international governance. Minn Law Rev 94:706–798

    Google Scholar 

  • Spain A (2010) Integration matters: rethinking the architecture of international dispute resolution. Univ Pa J Int L23:1–55

    Google Scholar 

  • Symposium (2004) The empirical and theoretical underpinnings of the law merchant. Chic J Int Law 5:1–190

    Google Scholar 

  • Symposium (2012) Global public goods and the plurality of legal orders. Eur J Int Law 23(3):643–791

    Article  Google Scholar 

  • Trachtman J (2008) The economic structure of international law. Harvard University Press, Cambridge, MA

    Google Scholar 

  • Van Aaken A (2010) Trust, verify, or incentivize? Effectuating public international law regulating public goods through market mechanisms. Am Soc Int Law Proc 104:153–156

    Google Scholar 

  • Van Aaken A (2014) Behavioral international law and economics. Harv J Int Law 55

    Google Scholar 

  • Watt HM (2003) Choice of law in integrated and interconnected markets: a matter of political economy. Columbia J Eur Law 9:383–409

    Google Scholar 

  • Whytock C (2009) Myth of mess? International choice of law in action. NY Univ Law Rev 84:719–790

    Google Scholar 

International Arbitration

  • Benson BL (2000) Arbitration. In: Bouckaert B, De Geest G (eds) Encyclopedia of law and economics: the economics of crime and litigation. Edward Elgar, Cheltenham, pp 159–193

    Google Scholar 

  • Choi SJ (2003) The problem with arbitration agreements. Vanderbilt J Transnatl Law 36:1233–1240

    Google Scholar 

  • Cuniberti G (2009) Beyond contract – the case for default arbitration in international commercial disputes. Fordham Int’Law J 32:417–488

    Google Scholar 

  • Drahozal CR (2000a) Commercial norms, commercial codes, and international commercial arbitration. Vanderbilt J Transnat Law 33:79–146

    Google Scholar 

  • Drahozal CR (2000b) Enforcing vacated international arbitration awards: an economic approach. Am Rev Int Arb 11:451–479

    Google Scholar 

  • Drahozal CR (2004) Regulatory competition and the location of international arbitration proceedings. Int Rev Law Econ 24:371–383

    Article  Google Scholar 

  • Drahozal CR (2006) Arbitration by the numbers: the state of empirical research on international commercial arbitration. Arb Int 22:291–307

    Google Scholar 

  • Franck SD (2007a) Empirically evaluating claims about investment treaty arbitration. N C Law Rev 86:1–87

    Google Scholar 

  • Franck SD (2007b) Foreign direct investment, investment treaty arbitration and the rule of law. McGeorge Glob Bus Develop Law J 19:337–373

    Google Scholar 

  • Franck SD (2009) Development and outcomes of investment treaty arbitration. Harv Int Law J 50:435–489

    Google Scholar 

  • Franck SD (2011) Rationalizing costs in investment treaty arbitration. Wash Univ Law Rev 88:769–852

    Google Scholar 

  • Guevera-Bernal I (2004) The validity of state contracts arbitration: a ‘law and economics’ perspective. Revista de la Maestría en Derecho Económico 2:7–20

    Google Scholar 

  • Kovacs RB (2012) Efficiency in international arbitration: an economic approach. Am Rev Int Arb 23:155–174

    Google Scholar 

  • O’Connor EO, Rutledge P (2014) Arbitration, the law market, and the new law of lawyering. Int Rev Law Econ 38:87–106

    Google Scholar 

  • Posner E (1999) Arbitration and the harmonization of international commercial law: a defense of Mitsubishi. Va J Int Law 39:647–670

    Google Scholar 

  • Ramsmeyer JM (2000) International dispute resolution: Law and economics. In: Hamada K et al (eds) Dreams and dilemmas: economic friction and dispute resolution in the Asia-Pacific. Institute of Southeast Asian Studies, Singapore, pp 464–477

    Google Scholar 

  • Rogers CA (2005) The vocation of the international arbitrator. Am Univ Int Law Rev 20:957–1020

    Google Scholar 

  • Rogers CA (2006) Transparency in international commercial arbitration. Univ Kans Law Rev 54:1301–1337

    Google Scholar 

  • Rojas Elgueta G (2011) Understanding discovery in international commercial arbitration through behavioral law and economics: a journey inside the minds of parties and arbitrators. Harv Neg Law Rev 16:165–191

    Google Scholar 

  • Strong SI (2009) Research and practice in international commercial arbitration: sources and strategies. Oxford University Press, Oxford

    Google Scholar 

  • Strong SI (2013) Mass procedures as a form of “regulatory arbitration” – Abaclat v. Argentine Republic and the international investment regime. J Corp Law 38:259–324

    Google Scholar 

  • Trakman LE (2012) The ICSID under siege. Cornell Int Law J 45:603–665

    Google Scholar 

  • United Kingdom Department for Business, Innovation & Skills, Analytical Framework for Assessing Costs and Benefits of Investment Protection Treaties (2013) Available at https://www.gov.uk/government/publications/analytical-framework-for-assessment-costs-and-benefits-of-investment-protection-treaties

  • Van Harten G (2012) Arbitrator behaviour in asymmetrical adjudication: an empirical study of investment treaty arbitration. Osgoode Hall Law J 50:211–268

    Google Scholar 

  • Welsh NA, Schneider AK (2013) The thoughtful integration of mediation into bilateral investment treaty arbitration. Harv Neg Law Rev 18:71–144

    Google Scholar 

International Litigation

  • Barker GR (2012) Third-party litigation funding in Australia and Europe. J Law Econ Policy 8:451–524

    Google Scholar 

  • Bhattacharya U et al (2007) The home court advantage in international corporate litigation. J Law Econ 50:625–659

    Article  Google Scholar 

  • Buxbaum HL (2006) Transnational regulatory litigation. Va J Int Law 46:251–317

    Google Scholar 

  • Cortés P (2013) A comparative review of offers to settle – would an emerging settlement culture pave the way for their adoption in continental Europe? Civil Justice Quart 23:42–67

    Google Scholar 

  • Drahozal CR, O’Connor EO (2014) Unbundling procedure. Fla L Rev 66:389–430

    Google Scholar 

  • Hoffman DA (2014) Whither bespoke procedure? Ill Law Rev

    Google Scholar 

  • Hylton KN (2012) The economics of third-party financed litigation. J Law Econ Policy 8:701–741

    Google Scholar 

  • Mehra SK (2004) More is less: a law-and-economics approach to the international scope of private antitrust enforcement. Templ Law Rev 77:47–70

    Google Scholar 

  • Nicola FG (2008) Transatlanticisms: constitutional asymmetry and selective reception of U.S. law and economics in the formation of European private law. Cardozo J Int Comp Law 16:87–153

    Google Scholar 

  • Parisi F (2002) Rent-seeking through litigation: adversarial and inquisitorial systems compared. Int Rev Law Econ 22:193–216

    Article  Google Scholar 

  • Rotem Y (2010) The problem of selective or sporadic recognition: a new economic rationale for the law of foreign country judgments. Chic J Int Law 10:505–537

    Google Scholar 

  • Steinitz M (2011) Whose claim is this anyway? Third-party litigation funding. Minn Law Rev 95:1268–1338

    Google Scholar 

  • Strong SI (2014) Limits of procedural choice of law. Brooklyn J Int Law 39

    Google Scholar 

  • Trachtman J (2001) Economic analysis of prescriptive jurisdiction. Va J Int Law 42:1–79

    Google Scholar 

  • Visscher L (2012) A law and economics view on harmonisation of procedural laws. In: Kramer XE, Rhee CH (eds) Civil litigation in a globalising world. Springer, New York, pp 65–92

    Chapter  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to S. I. Strong .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2014 Springer Science+Business Media New York

About this entry

Cite this entry

Strong, S.I. (2014). International Litigation & Arbitration. In: Backhaus, J. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_70-1

Download citation

  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_70-1

  • Received:

  • Accepted:

  • Published:

  • Publisher Name: Springer, New York, NY

  • Online ISBN: 978-1-4614-7883-6

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

Publish with us

Policies and ethics

Chapter history

  1. Latest

    International Litigation – Arbitration
    Published:
    14 September 2021

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_70-2

  2. Original

    Arbitration
    Published:
    14 June 2014

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_70-1