International Arbitration
International arbitration is a process for resolving disputes between parties from different countries outside of court. Instead of going to a public trial, the parties choose an impartial third party, called an arbitrator, to hear their case and make a binding decision. This method is often faster and more flexible than traditional litigation, and it allows for the application of specific legal frameworks chosen by the parties. International arbitration is commonly used in business contracts, trade agreements, and investment disputes, providing a neutral ground to ensure fairness in resolving conflicts across borders.
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International arbitration is a process used to resolve disputes between parties from different countries outside of traditional court systems. It involves selecting an impartial third party, known as an arbitrator, who reviews the case and makes a binding decision. This method is often favored for its efficiency, expertise, and confidentiality, as well as its ability to enforce decisions across borders more easily than court judgments. International arbitration is commonly used in business contracts, trade agreements, and investment disputes, allowing parties to find fair solutions without lengthy litigation.