Which organization is responsible for settling disputes between countries and commercial enterprises?

The International Court of Justice (ICJ) serves as the principal judicial organ of the United Nations and is primarily responsible for settling legal disputes between states and providing advisory opinions on international legal issues. The ICJ addresses cases brought by countries against one another, interpreting and applying international law to resolve conflicts.

This judicial entity plays a pivotal role in maintaining peaceful relations by ensuring that disputes are settled based on legal principles rather than through force. The court's decisions are binding on the parties involved, which further reinforces its authority in the international arena.

In contrast, the World Trade Organization focuses more on regulating and facilitating international trade between nations, while the United Nations addresses a wide range of global issues including peace, security, and humanitarian matters, but is not specifically a judicial body for disputes. The International Monetary Fund primarily deals with financial stability and economic cooperation rather than legal disputes.