There exists a single international court and legal system capable of resolving all commercial disputes between private parties.

Question

Quizplus · Accepted Answer

While there are a number of international courts and legal systems that handle commercial disputes between private parties, there is no single court or system that is capable of resolving all such disputes. The choice of forum will depend on various factors, including the type of dispute and the jurisdictions involved. Some of the most well-known international courts and tribunals include the International Chamber of Commerce (ICC), the International Court of Arbitration (ICA), and the World Trade Organization's Dispute Settlement Body (WTO DSB).

There Exists a Single International Court and Legal System Capable