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Development And Trends Of The Lex Maritime From International Arbitration Jurisprudence, Russell J. Cortazzo

Russell J. Cortazzo Jr.

The international, maritime industry has been, and remains, remains a paradox of international cooperation and isolation, intense competition and camaraderie. Innovations within the industry are slow to be adopted, but spread rapidly when their commercial benefit is proven. The international maritime arbitration forum is one of those innovations that has taken root and is shifting the balance of maritime power across the globe. The popularity of international maritime arbitration is indicative of the quiet success of the alternative dispute resolution forum. Three factors are frequently attributed to the growth of the maritime arbitration market; the parties respect the proceeding, the …