Arbitration: An International Commercial Dispute Resolution Method

Comments ยท 564 Views

Arbitration, a form of alternative dispute resolution, seeks to resolve disputes outside the courtroom. It is a way of avoiding a lawsuit or going to court even though its proceedings resemble the court.

Arbitration, a form of alternative dispute resolution, seeks to resolve disputes outside the courtroom. It is a way of avoiding a lawsuit or going to court even though its proceedings resemble the court. 

You cannot choose between arbitration, litigation (the process of taking legal action), and another form of international commercial dispute resolution in a vacuum. The circumstance in each case presented determines the choice of dispute resolution method. You can resolve Commercial disputes through arbitration, including contract disputes between employers and employees in the engineering and construction industries. 

Similarly, you can also resolve construction disputes using Construction Arbitration in Central and Eastern Europe. Construction conflicts emerge as a result of disagreements between contracting parties. These issues are not a violation of the contract in and of themselves, but if left unresolved, they may lead to a breach of contract, termination, or even claims threatening the contractor's surety bonds.

Comments