International arbitration has become the established method of determining disputes between international commercial businesses, with new arbitral centres emerging and the law and practice of international commercial arbitration evolving rapidly. This module examines the legal theory and practice of international commercial arbitration. The module's thrust is on understanding the nature and operation of the arbitral process in the context of international commercial relationships, as a means of resolving disputes that arise in international commercial transactions. In addition to providing an overview of the arbitral process, the module also focuses on key problems and issues that arise in arbitral practice, such as the interaction and application of the various relevant laws, and the application and interpretation of the most important international legal instruments relevant to international commercial arbitration such as the New York Convention and the UNCITRAL Model Law.