The question whether or not international law is really 'law' has haunted legal minds for ages and has been the subject of a large volume of academic works. This recurring question and the fairness of international law have been addressed in this article building on the existing literature. This article argues that despite all its structural and functional limitations, international law is 'real law' and 'fair'. This article also discusses the future role of international law in a uni-polar world. This article shows that contrary to the argument of waning of international law, it indeed is gaining prominence as it never has before and will continue to do so for the foreseeable future.