International Arbitration

Arbitration is a method of resolving disputes outside national courts. It is conducted before an independent adjudicative body known as an arbitral tribunal. An arbitral tribunal usually consists of one or three individuals who hear and decide the dispute. These individuals are known as arbitrators.

International arbitration is similar to litigation before national courts, but instead of being heard by a national court, disputes are resolved by independent adjudicators known as arbitrators. It is a consensual, neutral and private method of resolving international disputes, typically resulting in a binding arbitral award that is enforceable under applicable law. Depending on the circumstances, international arbitration can be faster and less expensive than litigation before national courts. International arbitral awards benefit from established mechanisms for recognition and enforcement in numerous countries worldwide, making international arbitration a leading mechanism for resolving cross-border disputes.