Arbitration offers speed, confidentiality and expertise in resolving commercial disputes. But is it always the right choice?
Arbitration is an alternative method allowing parties to resolve their disputes before chosen arbitrators rather than the state courts. Particularly in international commercial relations, it offers significant advantages in terms of enforceability and confidentiality.
The success of arbitration largely depends on drafting the arbitration clause correctly. Carefully determining the arbitral institution, governing law, seat and language at the contract stage secures the smooth running of the process.
Not every dispute is suitable for arbitration; selecting the most appropriate path, considering cost and the nature of the dispute, requires professional assessment.
