International arbitration is a prime method for resolving disputes arising from international commercial agreements and other international relationships. As with arbitration generally, international arbitration is a creation of contract, i.e., the parties' decision to submit disputes to binding resolution by one or more arbitrators selected by or on behalf of the parties and applying adjudicatory procedures, usually by including a provision for the arbitration of future disputes in their contract.
The practice of international arbitration has developed so as to allow parties from different legal and cultural backgrounds to resolve their disputes, generally without the formalities of their respective legal systems.
International arbitration has enjoyed growing popularity with commercial businesses and other users over the past 50 years.
Why use an international Arbitrator?
There are a number of reasons that parties elect to have their international disputes resolved through arbitration. These include the prime desire to avoid the uncertainties and local practices associated with litigation in national courts, the desire to obtain a quicker, efficient decision, the relative enforceability of arbitration agreements and arbitral awards, the commercial expertise of arbitrators, the parties' freedom to select and design the arbitral procedures, confidentiality and other prime benefits.