Abstract

This paper explores the principle of party autonomy in international commercial arbitration, examining its role as a cornerstone of the arbitration process and its interaction with jurisdictional and procedural constraints. Party autonomy allows parties to shape arbitration procedures according to their preferences, including selecting the applicable law and procedural rules. This flexibility is contrasted with the limitations imposed by mandatory rules and public policy, which ensure minimum standards of fairness and enforceability. Through an analysis of recent developments in arbitration practices, this paper highlights how party autonomy is maintained and restricted in various jurisdictions. It also discusses the evolving discourse on confidentiality and transparency, reflecting on how these issues impact party autonomy. The paper concludes by assessing the balance between party autonomy and regulatory oversight in shaping the future of international arbitration.

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