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.
For example, Russia recognizes and favors international arbitration is resolving international disputes. Japan and China favor international arbitration and most Latin American countries accept arbitration as a principal form of international dispute resolution. Most courts in the world enforce arbitration clauses in agreements between parties. A party may be surprised to learn that discovery, the process of obtaining information about the underlying dispute, may be sharply curtailed. Many parties are surprised to learn that a filing fee is necessary when initiating international arbitration or an arbitration submission agreement pursuant to a dispute resolution clause in a commercial contract.