You really have to tackle the process of dispute settlement, not just the outcome.
Who are the actors in global governance?
What role does institutions play in settling disputes?
What is the difference in formal and informal institutions and how it influences in global politics?
What theories are there which interprets dispute settlements in different manner?
- Liberalism, Realism, Constructivism, Post-Structuralism, Hobbsian, Feminism...
Acknowledging different processes and outcomes are fundamental to analyse the effectiveness? What channels are there from mere ideas to a workable legal outcome?
How effective are these actors and institutions?
What reforms are needed?
If you need help, send private message or drop a line here. I do World Order in 4 year uni degree.