ARBITRAŽNO RJEŠAVANJE PRIVATNOPRAVNIH TRGOVINSKIH SPOROVA S ELEMENTOM INOSTRANOSTI U PRAVNOM SISTEMU BOSNE I HERCEGOVINE
ARBITRATION DISPUTE SETTLEMENT IN LEGAL TRANSACTION WITH A FOREIGN ELEMENT IN LEGAL SYSTEM OF BOSNIA AND HERZEGOVINA

Summary/Abstract: Disputes settlement arising from transactions with private-elements is complex issue that is particularly concerned with the theory of Private International Law. In addition to the conflict of laws, transactions with foreign element inevitably lead to conflicts of jurisdiction of the courts of various states in the settlement of disputes (conflict of jurisdictions). One of the basic principles of international relations is the principle of national sovereignty. Accordingly,each sovereign state could subjected to competencies of their bodies any cases before them, including those that are factually related to foreign countries. In doing so, the character and factual connections with foreign sovereignty are not essential. Such a concept of jurisdiction, states generally do not practice. For international business transactions, the way of resolving disputes is very important. Arbitration to settle disputes is one of the specificities of modern private legal relations with a foreign element. They are often used in practice. As an alternative means of dispute resolution in practice, arbitration is proved to be more efficient for the parties to the dispute, and this method of dispute resolution in contemporary private transactions are increasingly used in our legal system.

• Details
• Contents