92.What are the bases of international legal disputes? Describe the situations and the authority that addresses the issues. Legal disputes can arise in three situations: between governments, between a company and a government, and between two companies. The World Court can adjudicate disputes between governments, whereas the other two situations must be handled in the courts of the country of one of the parties involved or through arbitration. Unless a commercial dispute involves a national issue between nation states, the International Court of Justice or any similar world court does not handle it.AACSB: AnalyticBlooms: RememberCateora - Chapter 07 #92Difficulty Level: 2 MediumLearning Objective: 07-02 The important factors in the jurisdiction of legal disputesTopic: Jurisdiction in International Legal Disputes93.Compare conciliation with arbitration.