What To Know Before Going Into Arbitration

Arbitration has become an increasingly popular method for resolving business disputes. International caseloads have been rising at almost 9 percent a year, for good reasons. The advantages of arbitration are well known: It can be cheaper and faster than litigation, allow parties to settle their disputes in private and provide finality on a shorter timeline. Arbitrators also may give more weight to business realities and financial considerations than would a judge.

Those advantages can become disadvantages for the unwary, however, as there are potential drawbacks. In...

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