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judicial settlement

The settlement of a dispute by a permanent international judicial body as distinct from resort to arbitration. Except to the extent to which two or more states have agreed in advance that a specified class of disputes shall be subject to a particular court\'s compulsory jurisdiction, this device for pacific settlement can only be used when the parties agree to it. The agreement by which this is done is called a compromis or, alternatively, a special agreement. Judicial settlement is generally conducted on the basis of international law. But if they wish, states resorting to it may provide that the tribunal proceed ex aequo et bono. See also International Court of Justice.

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judicial settlement

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justiciable dispute