International arbitration and punitive damages: delocalization and mandatory rules: now that non-state parties are using international law, the question whether punitive damages arbitration awards can be enforced has become more important.

THE tend toward non-state parties being the make submissives of international law and the calling of the body of law known as lex mercatoria have advance together with the worldwide acceptance of international commercial arbitration, creating a viable substitute for national courts in resolving increasingly international trade disputes. Law, as it applies to the world economy, has evolv and crystallized into competing belong tos of the "delocalization" of the arbitral proces and the application of mandatory authoritys (1)

The imposition of punitive damages is a profitable example of a legal issue where the arbiter's ability to apply lex mercatoria is circumscribed