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This book discusses about International Commercial Arbitration and Litigation and why arbitration is preferred over litigation, in other words why ICA is becoming a more effective method for settling Commercial Disputes rather than litigation. This book deals International commercial arbitration is theoretically analyzed and examines how the development of international arbitration has led to an increase in conflict of law. In the book litigation and arbitration has been compared where it has been found that arbitration's characteristics are more favorable and have more advantages than litigation when talking about international transactions. Various points like procedure, jurisdiction, judicial review etc. have been analyzed in detail. This book will be of interest to lawyers, economists and policy makers in general, and not just in the procurement field. The findings will also have implications for the design of enforcement systems under other international arrangements. It is hoped that this book will be useful to students, researchers, academicians and members of the legal fraternity.