The promise of finality in a private environment are just some of the benefits of using arbitration, says John Tackaberry QC FCIArb
Although a great majority of transactions are executed satisfactorily or are agreeably resolved before getting to the threshold of a contentious relationship, some international transactions do fall through the cracks and inevitably go sour. In these circumstances, arbitration provides as good a method of resolution as any alternative and is often a better option.
International commercial transactions are varied and in matters of dispute, arbitration has several principal benefits. It is likely to be a confidential matter and will benefit from a resolution external to court based proceedings. Arbitration is usually a one-stop shop with limited opportunities for a reluctant party to appeal.
Unlike adjudication, for example...
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