Legal dimensions of international business dispute resolution through binding arbitration. Treaty framework for determining validity of arbitration agreement and for recognition and enforcement of arbitral awards (New York Convention, Panama Convention, Washington Convention). Comparative approach (French, English, Swiss, and U.S. legal systems) to the influence of national law on international arbitration. UNCITRAL Model Law. NAFTA Chapter 11 and bilateral investment treaties. Special status of international commercial arbitration in national law. Major arbitral institutions and rules, including ICC, LCIA, AAA and ICSID. State contracts: Act of State and sovereign immunity. Expropriation claims. Delocalization and the influence of the arbitral seat. Arbitral awards as a contribution to lex mercatoria. ENROLLMENT LIMIT: 18 students. GRADING NOTICE: This course does not offer the CR/NC/H option. ** A student who fails to attend the initial meeting of a seminar, or to obtain permission to be absent from either the instructor or the Registrar, will be administratively dropped from the seminar. Students who wait list for a seminar are required to attend the first seminar meeting to be considered for enrollment.