International Commerical Arbitration in Jordan: Legal Framework and Practical Challenges

Authors : AKRAM ALI Hussien

Pages : 1-8

View : 5 | Download : 0

Publication Date : 2025-01-15

Article Type : Research Paper

Abstract :International commercial arbitration is used to settle business disputes between parties from several nations. In order to guarantee the efficient and open execution of cross-border arbitration verdicts, this procedure is regulated by a legal framework that depends on arbitration statutes and international treaties, such as the 1958 New York Convention. The legal structure that governs the international business arbitration system in Jordan is reviewed in this paper, along with the difficulties it meets in real-world implementation. The report points out that the Kingdom`s adherence to international arbitration standards is demonstrated by contemporary laws including the Jordanian Arbitration Law and Jordan`s ratification of the New York Convention. Jordan`s standing as a regional commercial hub is impacted by the system`s shortcomings, which include insufficient stakeholder knowledge, enforcement problems, and procedural delays. In order to draw in investment and more effectively accomplish commercial justice, it is advised that awareness be increased, laws be updated, and national institutions be established to guarantee increased efficacy. Enhancing Jordan`s commercial arbitration system shows its legal evolution in light of its goals to foster an international business climate and increases its economic competitiveness.
Keywords : international treaties, arbitration legislation, the legal system, international commercial arbitration

ORIGINAL ARTICLE URL