Commercial arbitration is a means of settling disputes by referring them to a neutral person, an arbitrator, selected by the parties for a decision based on the evidence and arguments presented to the arbitration tribunal. The parties agree beforehand that the decision will be binding and final.
OUR SERVICES FOR COMMERCIAL ARBITRATION:
- Contractual Disputes
- Commercial Disputes
- Shipping Disputes
- Partnership Disputes
- Shareholders’ Disputes
- Company Law Disputes
WHY CHOOSE ARBITRATION INSTEAD OF LITIGATION TO RESOLVE CONFLICTS?
Compared to litigation, commercial arbitration is typically more beneficial to both parties because it is less expensive, quicker, and more private. We typically recommend arbitration to clients for:
PRIVACY AND CONFIDENTIALITY
Some clients, particularly publicly traded companies, are concerned about the potential share-price impact of news of a lawsuit. Arbitration is favored because it takes place in a private setting and is not typically reported in the news. In addition, parties to the arbitration and arbitrators are required to maintain the confidentiality of all matters pertaining to the proceeding.
THE COST OF PROCEEDINGS EXCEEDS THE AWARD OF ARBITRATION.
Arbitration may not be appropriate for your dispute if the estimated value of your arbitration award is less than the cost of arbitration (administrative fees, arbitrators’ fees, legal costs, and disbursements, for example). Ultimately, choosing arbitration over litigation should help to limit the costs associated with resolving a dispute and obtain a result as quickly as feasible.