TABLE OF CONTENTS 1. Introduction; 2. Research Methodology; 3. Dispute Settlement under the GATT; 3.1 Perspective of the dispute settlement; 3.2 GATT provisions for dispute Settlement; 3.3 Criticisms of the GATT; 4. Dispute Settlement Under the WTO; 4.1 Principles of WTO Dispute Settlement Mechanism; 4.2 Jurisdiction and Access to the Dispute Settlement; 4.3 Institutions of Dispute Settlement; 4.3.1 The Dispute Settlement Body; 4.3.2 The WTO Dispute Settlement Panel; 4.3.3 The Appellate Body; 4.4 The Dispute Settlement Proceedings; 4.4.1 Consultations; 4.4.2 The Panel Proceedings; 4.4.3 The Appellate Body proceedings; 4.4.4 Enforcement of Rulings; 5. Developing Countries and the Dispute Settlement Mechanism; 5.1 Special provisions for the Developing country Members; 5.2 Few Case Laws involving Developing Countries; 5.3 Hurdles for the Developing Countries; 6. Whether the WTO Rules are binding as International Legal Obligations; 7. WTO dispute Settlement- An Analysis of the Nature and Criticism; 8. Conclusion; 9. Bibliography.