What is Arbitration?

Arbitration is more powerful than litigation. An arbitrator’s awards are binding on the parties and more readily enforceable across international boundaries. Arbitration is also less formal, as the parties can choose the arbitrator or the organisation that will appoint the arbitrator and they can decide what arbitration procedure they want.

Because of this arbitration should be more flexible and cost effective than litigation. Arbitrators may be selected for their special skills to suit the particular dispute. Arbitration is particularly valuable in some disputes because confidentiality can be preserved.