Increased economic interdependencies and trade flows between states, innovations in information technology and computer networks, a global shift toward market economies and regional and multilateral trade arrangements, have all led to an increasingly globalized world economy. This book seeks to analyze the inner penetration of a form of world polity or transnational order - comprised of part epistemic community, institutional networks, national laws and multilateral conventions, norms, rules, principles and transnational ideology - on the traditional notion of state sovereignty within the international arbitral regime. The title will interest practitioners and academics with an interest in international commercial arbitration.