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An international commercial arbitration

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An international commercial arbitration is a process, that is considered one of the effective options for alternative dispute resolution (ARS). Its main feature is that the consideration of the dispute is carried out not by state judicial bodies, but by independent entities.

This type of settlement of commercial legal support has several advantages:
  • the efficiency;
  • a high level of qualification of arbitrators;
  • a confidentiality;
  • lower costs;
  • a binding decision by the parties.
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The international arbitration can be of two types:
  • An institutional arbitration, which provides, that the dispute is considered by a specialized arbitration institution, which is selected by parties (International Chamber of Commerce, London Court of International Arbitration, Dubai International Arbitration Center, etc.)
  • The arbitration Ad hoc: it is a consideration of a case by an arbitrator, who is selected by parties and is not associated with a specific arbitration institution.

It is necessary to competently approach the selection of the most suitable type of arbitration, taking into account all factors, advantages and disadvantages, and it will not be superfluous to turn to qualified specialists, who will assist in resolving the financial dispute.

IQ Decision lawyers can provide advice on choosing the form of international commercial arbitration for the most effective protection of your business.

  • The information outlined in the article is actual at the time of its publication.

  • Please refer to our specialists for checking possible solutions for your business.

  • Still have any questions?

    Fill out the form or contact us as you find convenient: skype, telegram, etc. Our experts will help you resolve the issue.

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