This seminar is intended to serve as an introduction to the basic legal concepts, doctrines and principles that are relevant to the current status of international commercial arbitration as a dispute resolution mechanism alternative to litigation in national court systems. Course objectives include familiarizing the student with the basic features of the modern system of international commercial arbitration and examining the transnational framework of international commercial arbitration, including its regulation in selected foreign legal orders. (Taught in summer abroad program in Austria).