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Review:

International Commercial Arbitration

overall review score: 4.5
score is between 0 and 5
International commercial arbitration is a method of resolving disputes that arise in international commercial transactions outside the court system.

Key Features

  • Neutral and impartial decision-maker
  • Flexibility in procedural rules
  • Confidentiality
  • Enforceability of arbitral awards

Pros

  • Offers parties a neutral forum to resolve disputes
  • Allows for flexible procedures tailored to the needs of the parties
  • Increases enforceability of awards internationally

Cons

  • Costly procedure compared to traditional litigation
  • May lack some of the formalities and due process rights of courts

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Last updated: Sun, Nov 17, 2024, 12:26:30 PM UTC