International commercial arbitration in The Iraqi law
Abstract
There is no doubt that commercial arbitration is one of the oldest means that people have resorted to in order to settle arbitration disputes, because the mechanism provided by the speed of completion and time limit, which contributed to dispelling investor fears. Because of the expansion of international trade, many countries resorted to issuing modern laws derived from the Model Law for international commercial arbitration. However, the Iraqi law did not regulate the provisions of international commercial arbitration except in the Civil Procedure Law No. 83 of 1969 in Articles (251-276), and that made international commercial arbitration in Iraq almost disabled . And herein lies the need to legislate the Iraqi Commercial Arbitration Law that is in line with the international developments that have occurred on international trade, not to mention the need for Iraq to join international agreements in this field, including the New York Agreement of 1958.
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