Dispute Settlement Mechanism

Dispute Settlement
Mechanism

Introduction
• The international dispute matters because they have the economic
and political consequences for both the underdeveloped and
developing countries
• In case of disputes, between a developed country and a third world
country, the latter gets the lower ground.
• The International Court of Justice, as the essential legal organ of the
United Nations, is the main genuinely general legal body

Discussion
• In the present case, the third world country company was supposed to pay $ 1
billion, this is considered as a huge blow for the poor company.
• It was argued that the US company for their wrongdoings should pay $150
million to the poor company. Now, for a developed country it is nothing if they
want to pay this amount for settling a dispute and most importantly, as the
facts suggest, the rich company (US company) can choose to pay the amount
not in monetary terms rather give the poor company (third world country’s
company) some technological things that will help the poor company and give
an edge of development.
• Dispute settlement between companies should not be interfered by the courts
unless the parties themselves choose to do so because, it will waste the court’s
valuable time which can be utilised in solving other civil or criminal matters