Why Do Companies Resort to Arbitration?
Companies and institutions choose arbitration for the advantages it offers over traditional litigation, including:
- Complete confidentiality of the dispute.
- Flexibility of procedures.
- The ability to select specialized arbitrators.
- Speed in resolving disputes.
- Limiting the impact on commercial relationships.
- Ease of enforcing arbitral awards in many countries.
- Reduction of the procedural complexities associated with traditional litigation.