Dealing in Virtue: International Commercial Arbitration and the Construction of a Transnational Legal Order

Front Cover
University of Chicago Press, Aug 15, 1996 - Business & Economics - 343 pages
0 Reviews
In recent years, international business disputes have increasingly been resolved through private arbitration. The first book of its kind, Dealing in Virtue details how an elite group of transnational lawyers constructed an autonomous legal field that has given them a central and powerful role in the global marketplace.

Building on Pierre Bourdieu's structural approach, the authors show how an informal, settlement-oriented system became formalized and litigious. Integral to this new legal field is the intense personal competition among arbitrators to gain a reputation for virtue, hoping to be selected for arbitration panels. Since arbitration fees have skyrocketed, this is a high-stakes game.

Using multiple examples, Dezalay and Garth explore how international developments can transform domestic methods for handling disputes and analyze the changing prospects for international business dispute resolution given the growing presence of such international market and regulatory institutions as the EEC, the WTO, and NAFTA.

"A fascinating book, which I strongly recommend to all those active in international commercial arbitration, as they will see the arbitral world from new and unthought of perspectives."—Jacques Werner, Journal of International Arbitration
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Dealing in Virtue
1
Building and Exchanging National
18
Constructing Transnational Private Justice and Legalizing
31
Setting the Legal Scene for NorthSouth Conflicts and
63
U S Litigators Continental Academics Petrodollar Construction
100
Internationalization and the Transformation of the Landscape
115
The Contradictions and Limits of an International
129
Internationalization
151
Vintage Arbitration in Stockholm
182
Competition
197
Cairo
219
Hong Kong and Transitions from
250
How to Construct Neutrality and Autonomy on the Basis of
281
Reintroducing Politics and States in the Market of International
311
Copyright

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »

Bibliographic information