International arbitration has become an essential dispute settlement mechanism forresolving disputes with respect to
international trade, commerce and investment. Thus, there are new developments on international dispute settlement mechanisms. In particular, many international arbitration institutions have established and many states have made various amendments in their arbitration and mediation laws in order to reach and provide “arbitration and mediation friendly” environment. Moreover, many law schools around the world, offer a range of international arbitration courses, seminars and conferences so as to examine and discuss these new developments on international dispute settlement.