What are the requirements for conducting international arbitrations?
International arbitration is a process governed by international law that is used to resolve disputes between two or more parties in different countries. In order to conduct international arbitrations in Washington, the parties must agree to the arbitration process and the rules governing it. The parties must also agree to appoint an arbi-trator or an arbitration panel to resolve the dispute. The arbitration can then proceed in accordance with the applicable laws in the state of Washington and the laws of the other relevant countries. In order to conduct international arbitrations in Washington, the parties must enter into a valid and enforceable arbitration agreement. This agreement must include the details of the dispute to be arbitrated and the rules of the arbitration process. The agreement may also include the rules governing how the arbitration should proceed, such as the language of the arbitration, the mode of communication, the applicable legal framework, and the fees and expenses of the arbitration. In Washington, the arbitral tribunal, which is composed of the arbitrators appointed by the parties, must follow the procedures established by the applicable law. The tribunal must also act fairly and impartially when hearing the dispute. The tribunal must also guarantee the right of the parties to be heard in the proceedings and in the decision-making process. Once the arbitral award is issued, it becomes binding on the parties. The parties must comply with the award and the terms of the agreement in order to resolve their dispute. The award may also be subject to court review or a challenge in the courts if either party is dissatisfied with the result.
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