What is the role of an arbitral tribunal in international litigation?
An arbitral tribunal is a type of court that handles international litigation in Washington. It is convened by a neutral third-party, known as an arbitrator, and is tasked with resolving disputes between two parties. The arbitrator is responsible for hearing both sides of the dispute, conducting a fair and impartial assessment of the evidence, and then making a decision based on the findings. This decision is legally enforceable, and in some cases, may be used to resolve the dispute without needing to go to a regular court. The tribunal will typically make its decision based on the applicable laws and regulations, as well as any pre-existing agreements between the two parties. This might include international treaties, commercial contracts, or other agreements. The tribunal may also incorporate other forms of dispute resolution, such as mediation, negotiation, or other non-binding methods. In addition to making a decision, the tribunal may also be tasked with monitoring compliance and enforcing the decision if needed. This can involve issuing orders, collecting damages, or other legal remedies. Overall, the role of an arbitral tribunal in international litigation is to provide a fair and impartial assessment of the situation, come to a legally binding decision, and enforce the decision if needed. This is a much faster and more efficient method of settling disputes than a regular court, and can often result in a resolution that is agreeable to both parties.
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