동북아 각국의 중재판정부 구성에 대한 비교법적 고찰

Comparative Legal Study on the Construction of Arbitral Tribunal in Northeast Asian Nations

Arbitration has become very popular in resolving international commercial disputes. Arbitration has advantages in that it is convenient, cost-saving and efficient in concluding cases. Arbitration allows the parties full autonomy and can resolve disputes independently, impartially and without delay. It is also preferred for its flexibility, confidentiality, finality and enforceability of its award. More parties have come to choose and adopt arbitration for dispute resolution. Though Northeast Asian economies are extremely diverse, they have achieved high levels of growth due to a stable economic environments and outward-oriented economic policy reforms. As Northeast Asia has been risen as big bloc in the world and trade volume has been increased steadily, disputes will be increased in the future. Therefore, this paper deals with arbitral tribunal in Northeast Asian Nations' arbitration laws in view of comparative law.