FREQUENTLY ASKED QUESTIONS
Our prestigious qualification is approved at Level 7 of the Regulated Qualifications Framework (RQF) in England, UK, which is internationally accepted. It combines the flexibility of online learning with the academic rigour and structure comparable to an on-campus program. However, in some countries, qualifications earned through online and flexible learning may not be recognized by certain authorities or regulators for public sector employment or further study. If this is important to you, we advise checking the local recognition status before registering.
Our students benefit from the flexibility to choose where and when they study at a pace that fits their lifestyle.Essentially, the Level 7 Diploma in International Arbitration Law & Practice is a postgraduate level qualification in a legal-related area of studies catered to working professionals which requires them to conduct personal research, individual analysis and self-reflection based on their current work experience.
In short, arbitration is a dispute resolution alternative to national courts. It is an old and established system of commercial dispute resolution with a long history dating back even to ancient times since Roman times. In England, arbitration in its ancient form was a method of private commercial dispute resolution for merchants and traders since national court litigation then was not the same as in modern times. The first English arbitration law was enacted in 1698 which effectively established a formal legal framework for the conduct of arbitration. Fast-forward to modern times, arbitration continues to spur global economic and trade growth by providing a structured, recognised and enforceable dispute resolution mechanism.
Arbitration is now one of the key activities of the United Nations Commission of International Trade Law (UNCITRAL) and it remains one of the Commission’s major works and highly successful. In the last several decades, international arbitration has taken centre stage in the global business and legal world, making it an integral component in transnational trade. Arbitration today is a key aspect of both the legal and business practices. Cities like London, Singapore and Paris have also emerged as major arbitration hubs, spurring other countries like India and China which are today’s major trade countries, to also promote arbitration.
In short, arbitration is not only completely legal but it is a legal process. It is supported by both national and international laws and can be enforced in many countries worldwide under the United Nations Convention on the Enforcement and Recognition of Foreign Arbitral Awards, also known as the “New York Convention.” Other alternative forms of dispute resolution such as mediation are popular today but arbitration provides a different framework of legal dispute resolution. According to Sir John Donaldson a former English senior judge, “arbitrators and judges are partners in the business of dispensing justice, the judges in the public sector and the arbitrators in the private sector”.
Primarily, parties choose arbitration as their dispute resolution solution for a few obvious reasons. Firstly, arbitration decisions (“arbitration award”) can be enforced in numerous countries worldwide due to the New York Convention thus arbitration is attractive to parties doing international business. This is in contrast with court decisions from a domestic jurisdiction which typically cannot be enforced in another foreign jurisdiction. Due to the concept of “party autonomy”, the parties in a dispute can select the venue, procedures and arbitrators to cater to their needs. Finally, arbitration is not open to further appeal of its decision.