News 05 Dec. 2024
Partner Dr. Alexandra G. Maier Recognized Again in Lexology Client Choice Award 2025, Mining Experts Category 2025
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Event 23 Oct. 2024
Counsel Mohannad El Murtadi Suleiman to Speak at the 2nd Annual Africa Arbitration Day in New York
Event 18 Aug. 2023
Partner Borzu Sabahi Speaks at FDI Moot Shenzhen
News 25 Jul. 2023
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Client Alert 28 Dec. 2023
U.S. to Impose Secondary Sanctions on Non-U.S. Banks For Financing Russia’s Defense Industry
News 22 Oct. 2025
Curtis Named Leading Firm in Legal 500: Latin America 2026
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Elisa Botero Recognized as Top 100 Female Lawyer in Latin America 2025
News 17 Jun. 2025
Curtis Announces Dual Promotion to Partner and Counsel in Dubai
News 02 Jun. 2025
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News 24 Aug. 2023
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Client Alert 10 Jul. 2024
EU Adopts New Restrictive Measures Against Belarus
Client Alert 26 Jun. 2024
The EU Adopts its 14th Sanctions Package Against Russia
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Claudia Frutos-Peterson Teaches Class on the Arbitration Process for the International Law Institute
International Trade
Dispute settlement procedures, in the context of the World Trade Organization, are contained within the Understanding on Rules and Procedures Governing the Settlement of Disputes. This agreement was negotiated and signed at the 1994 Conference in Marrakesh and outlines the procedures, including consultation and adjudication, members of the WTO must move through to reach a final decision in trade disputes.
The WTO dispute settlement understanding refers to the Understanding on Rules and Procedures Governing the Settlement of Disputes. Negotiated and signed by the members of the World Trade Organization, the Understanding explains the substantive and procedural rules that govern disagreements and trade disputes between member nations of the WTO.
While a variety of opinions exist with respect to the efficacy of dispute settlement at the WTO, there is a general consensus that dispute settlement at the WTO works more effectively than those addressed through a previous international body, the General Agreement on Trade and Tariffs (GATT). That said, critics have identified the lack of any powerful enforcement mechanisms and a lack of speed as negatives in the process.
WTO and International Trade Dispute Settlement
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