Domestic and International Arbitrations

Many contracts have arbitration clauses that require disputes to be settled out of court in arbitration proceedings. Even without arbitration terms in place, choosing arbitration (or mediation) instead of litigation to resolve a dispute can save both parties time and money.

When you choose to resolve a dispute through arbitration, you will submit your dispute to an arbitration tribunal instead of a court. The arbiters will then resolve the dispute according to the terms and governing law set out in the contract – sometimes, these terms are modified to reflect the needs of each party. The parties agree to accept the decision as final and binding.

Disputes get even more complicated when international borders get involved. In international business, you have access to fewer courts that can reliably enforce judgments. You may disagree over which country’s law applies. Not to mention, there are language, cultural, and geographical challenges to overcome. When it comes to settling business disputes on foreign soil, your company could face an uphill battle with the potential for runaway costs.

International arbitration helps by giving business partners a reliable forum for settling business disputes. Not only do you know exactly where you stand with each other, but you also know what terms and procedures to expect during the arbitration process.

Arbitration and mediation involve a delicate balance of protecting your business interests in a dispute and meeting the other party in the middle. It’s absolutely critical to get the help of a legal team who can handle this process with the strong but nuanced approach it requires.