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In terms of globalized economy, the integration trade cooperation process between state institutions, international organizations, and business entities are being followed by a dynamism regarding creation, modification, and termination of relations through the contracts which are now more standardized. Good business practices offered a good experience in terms of solving disputes on business transactions, local or international, security, efficiency and speed of trialing are enforced only if this issue is foreseen and contracted with special courts of arbitration. The role of arbitration on international trade, before all it is not only the solution of disputes. The arbitration has its mission before itself to build a fair trading practice and legalbusiness principle -bona fides.

The last years that there is a significant decline in economic growth

The object of scientific study in this paper is the importance of the right of arbitration which is arbitration, legal research and its regulation through international instruments, national laws and other legal acts of many issues. The right of arbitration in general involves resolving disputes the whole of the agreements for the works, and economicactions, commercial ones. Arbitration is a way of resolving disagreements between the parties in legal relations. On the basis of this strategy is the idea that all the strategic sectors of the economy are to be privatized. This means that state enterprises not yet transformed will be transformed into a commercial company. In implementation of the privatization process of state capital companies will be free to transfer in whole or in part to the private sector of the two types of rights: the right of ownership and the right to use the development.