The globalization of the economy and the increase in the number of multinational ventures has led inevitably to a rise in commercial disputes that cross national boundaries. Arbitration has unique advantages over litigation as a means of resolving international commercial disputes.
Awards are binding and treaties permit their enforcement in most countries.
Cases are heard in private, typically in a neutral forum, and with fewer formalities. Compared to litigation, disputes usually are resolved more quickly and at lower cost, with little or no publicity. Other non-litigation alternatives, such as mediation, also can be used as adjuncts to, or instead of, formal arbitration. Based on the types of disputes that we foresee might arise in connection with a client's proposed new venture, we help design an appropriate dispute resolution clause. Should a dispute later arise, the client already knows how and where the dispute will be resolved, what language will be used, and what protocols will be observed.