Recognition and Enforcement of International Commercial Arbitration Decisions Issued in Cyberspace

Today’s world, due to the emergence of new technologies, has turned into a global world village that one of its characteristics is decreasing of distances and reducing speed in communications especially in the field of world trade leading to an unprecedented volume of trade transactions. Increased trade and consequently increased competition for obtaining global markets require greater facilitation of international trade infrastructures. One of the most important infrastructures is the settlement of international commercial disputes and the related issues. In the past, the most common method of resolving commercial disputes was referring to national courts, but in the world of today such an approache is not possible and reasonable. The process of globalization demands alternative methods such as arbitration in cyberspace that is the developed and modern form of traditional arbitration and steps should be taken in the path of removing its obstacles and problems. In this regard, the present article reviews the principles, obstacles and the manner of recognition and enforcement of arbitral decisions in cyberspace that for the reason of new character of this institution there are surely some gaps to be filled through the efforts of foreign and internal scholars and the Institute for the unification of International Commercial Law, creating international practice, formation and development of conventions and model laws in this field.