Enforcement of arbitral awards is more predictable and efficient than enforcement of foreign court decisions. The main reasons why companies vote for international arbitration when resolving their cross-border disputes do not only include flexibility or confidentiality, but also a predictable and efficient enforcement of arbitral awards abroad. In...
We have already discussed flexibility as a key advantage of arbitration proceedings. Arbitration provides the parties with an opportunity to maintain control of their dispute, as they can manage the entire process and select the arbitrators and rules specifically for a particular dispute. An equally important advantage of arbitration is...
Most people have heard of a possibility to resolve a dispute in arbitral proceedings, instead of in classic court proceedings. This text is to introduce a fundamental feature of arbitral proceedings – its flexibility.