Dealing in Virtue: International Commercial Arbitration and the Construction of a Transnational Legal Order
University of Chicago Press, Aug 15, 1996 - Business & Economics - 343 pages
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.
Dealing in Virtue
Building and Exchanging National
Constructing Transnational Private Justice and Legalizing
Setting the Legal Scene for NorthSouth Conflicts and
U S Litigators Continental Academics Petrodollar Construction
Internationalization and the Transformation of the Landscape
The Contradictions and Limits of an International
Vintage Arbitration in Stockholm
Hong Kong and Transitions from
How to Construct Neutrality and Autonomy on the Basis of
Reintroducing Politics and States in the Market of International
Other editions - View all
academic Algerian alternative dispute resolution American Anglo-American approach Arab arbi arbitration community autonomy barristers business conflicts business disputes business justice Cairo career chapter China Chinese civil-law clients Commercial Court companies competition construction contracts cosmopolitan countries dispute resolution domestic dominated economic power Egypt Egyptian elite English European example expertise gain handle Hong Kong ICC arbitration important in-house counsel individuals institutions interests international arbitration international business international commercial arbitration international law internationalization investment judges judicial Kuwait large law firms law firms lawyers LCIA leaders leading learned legal practice legal profession legal system legitimacy lex mercatoria Libya London major mediation multinational notables noted Paris parties periphery political position potential practitioners private justice professors promote relations relatively role serve social social capital Stockholm strategy success Sweden symbolic capital third-world tion transformation transnational U.S. law firms U.S. lawyers United