Arbitration is one of various methods that together are referred to as alternative dispute resolution or ADR. Arbitration is often a cost-effective method of resolving disputes. The decision reached and the names of the parties involved are kept private in arbitration. This provides both parties with privacy as to their commercial affairs and the dispute in question. In arbitration, the arbitrator listens as each side argues its case and presents relevant evidence, then renders a binding and final decision.
Disputes between business in different countries can be settled by international arbitration. In these disputes, an intermediary like the International Chamber of Commerce (ICC) can find an arbitrator and facilitate the discussions between companies. Matters resolved through arbitration in countries of The New York Convention ( 159 members) will be recognized. This makes arbitration an useful and efficient method for international dispute resolution.
Arbitration is commonly the initial choice in resolving cross-border disputes. We initiate arbitration and enforce the foreign arbitral awards.
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