Arbitration is a good alternative if a party is uncertain about the procedures and substantive rules to be applied by the host country in which the dispute may be heard. In many countries, adjudicating a dispute can take many years. Arbitration is usually a fast track mechanism to resolve a dispute between parties.
Arbitration is a dispute resolution mechanism that is generally closed to the public.
Companies who seek to avoid publicity should consider this mechanism rather than choosing litigation in a host country. Even if a party is successful in obtaining a judgment in a foreign country, it is uncertain whether the judgment would be enforceable in another jurisdiction. A party may obtain a judgment but collecting on the judgment in another legal jurisdiction may be difficult. Most countries in the world enforce arbitration awards. Arbitration is a recognized form of dispute resolution in most countries in the world.