Privatization and Arbitration Legal Models in the Resolution of Business Disagreements

Abstract

The object of scientific study in this paper is the importance of the right of arbitration which is arbitration, legal research and its regulation through international instruments, national laws and other legal acts of many issues. The right of arbitration in general involves resolving disputes the whole of the agreements for the works, and economicactions, commercial ones. Arbitration is a way of resolving disagreements between the parties in legal relations. On the basis of this strategy is the idea that all the strategic sectors of the economy are to be privatized. This means that state enterprises not yet transformed will be transformed into a commercial company. In implementation of the privatization process of state capital companies will be free to transfer in whole or in part to the private sector of the two types of rights: the right of ownership and the right to use the development.

DOI: 10.5901/mjss.2016.v7n2s1p333