Shebanova N.A. The system of MERCOSUR for consideration of disputes: the history of its establishment and the foundations of functioning

Abstract:   The subject of this research is the establishment of the system of dispute settlement that emerges in the relations of public or private nature within the Latin American integration union MERCOSUR. It is a known fact that the task of the modern international economic integrations is the achievement of certain success in the process of combination of the economies of the member-states, the unification of the foreign policy, collaboration of the national economies. A quite significant role belongs to the system of regulation of conflict situations that appear between the states – members of the integration, as well as between the private parties. Namely this system has to appropriately react to the stages of economic development, ensure adherence to the norms of integration and their unified interpretation. The author concludes that the detailed analysis of the international documents enacted on various stages of development of the integration union, allows following the phases of establishment of this system, determining institutional structures involved into the dispute settlement, and examining the questions of their competency based on the currently existing judicial practice.  

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