POVZETEK
Arbitration is a relatively old mechanism of dispute resolution and as such, it is rooted in different legal systems and in numerous states for a long time. Nowadays, as far as commercial transactions are concerned, arbitration clauses sit as a contract’s key negotiating point, which consecutively end-up inserted in both international and domestic contracts. With the support of national arbitration legislation and international treaties and conventions relevant to this field, commercial arbitration has emerged as the preferred method of dispute resolution.
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