How do international arbitration awards differ from domestic arbitration awards?

International arbitration awards differ from domestic arbitration awards in a few different ways. Firstly, an international arbitration award is one which is made between parties from two different countries and is governed by international arbitration law. This usually involves international organizations like the International Court of Justice, or a regional arbitration tribunal. By contrast, a domestic arbitration award is made between parties from the same country and is governed by the domestic law of that country. Secondly, the process by which the arbitration is conducted often varies based on whether the award is international or domestic. International arbitration awards may involve the appointment of an international arbitrator, who is usually a neutral party from a third country, whereas domestic arbitration awards involve the appointment of an arbitrator who is familiar with domestic law. Thirdly, international arbitration awards often differ from domestic awards because they are transnational in nature. This means that they may be enforced in multiple countries, whereas domestic arbitration awards may only be enforced in the country in which the award was made. Finally, international arbitration awards also differ from domestic awards because they involve more technical and complex legal principles. This is because the arbitration must be conducted by an international arbitrator, taking into account the laws of multiple countries. In conclusion, the main differences between international and domestic arbitration awards are the process by which they are made, the ability to enforce them in multiple countries, and the complexity of the legal principles involved.

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How do international arbitration awards differ from domestic arbitration awards?

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