Synopsis In the past, international business disputes have been resolved through private arbitration. Yves Dezalay and Bryant G. Garth reveal for the first time how an elite, transnational legal profession has emerged to construct an autonomous legal field that now plays a central role in the global marketplace. Building on the structural approach of Bourdieu, they show how an informal, settlement-oriented system became formalized, litigious, and expensive. An integral aspect of this new legal field is the intense competition among arbitrators to gain reputations for virtue in order to be selected for adjudication panels. Since arbitration fees can be astronomical, this is very much a high-stakes game. With examples from England, the United States, Sweden, Egypt, and Hong Kong, the authors explore how international developments in turn transform domestic methods for handling disputes. Finally, they analyze the changing prospects for international business dispute resolution given the growing presence of institutions such as the EEC, NAFTA, and the WTO.
| Details | | Publication Date: | 1998-05-01 | | Series: | Language and Legal Discourse | | Edition Description: | Reprint |
| Size | | Height: | 9.5 in | | Width: | 6.0 in | | Thickness: | 0.8 in | | Weight: | 17.6 oz |
Publisher's Note In recent years, international business disputes increasingly have 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.
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