Author: Ioannis Oikonomou I. Introduction Dispute Settlement was a highly controversial issue under the General Agreement on Tariffs and Trade (GATT) regime and caused a great deal of complaint, especially among developing countries. This dispute settlement system was, allegedly, power-based [1] , thus preventing developing countries from successfully defending their interests within the GATT Forum. Among the most important sources of criticism was the lack of deadlines for the consultation process [2] , the need for consensus for the approval of the panels’ decisions and the different procedural and substantive regimes provided by the GATT and Tokyo negotiation rounds, leading to extended “norm and forum shopping” [3] . The signing of the Final Act, establishing World Trade Organization (WTO), and the annexed thereto Dispute Settlement Understanding (DSU) modified the dispute settlement system, as it incorporated a more “rule-oriented” approach [4] . On the one s...
Domeniul virtual al Cercului de Drept Ius Iuventutis -docendo discimus-