ADOPTION OF THE UNCITRAL MODEL LAW ON INTERNATIONAL COMMERCIAL ARBITRATION IN TANZANIA- A PRE-REQUISITE OR AN INEVITABLE REQUISITE?
International commercial relations have increased in Tanzania due to the Government`s efforts to promote its investment policy, and the expansion of the private sector. Whenever there is any commercial legal relationship, disputes become almost unavoidable and with rapid globalization, differences in interpretation of contracts and other legal agreements are bound to multiply. Even assuming that all parties to all international agreements are acting in good faith, disputes will inevitably arise owing to misunderstandings based on differences in culture, language and local norms2 . So much so, in a complex commercial relationship, the business community must be assured of a reliable system for resolving disputes as soon as they enter the relationship, because the occurrence of disputes puts at risk all the vital interests, goals and stakes involved in a commercial dealing 3 . This being the case, commercial dispute resolution is essential to a thriving and vibrant business environment4
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