When drafting the terms of a dispute resolution clause, parties
to cross-border transactions are well advised to select
international arbitration. International arbitration offers several
advantages over foreign litigation, including the right to a
single, neutral forum and to receive an award that is readily
enforceable in most any jurisdiction.
Winston & Strawn's Pocket Guide to International Arbitration
summarizes key principles of international commercial arbitration.
This guide is designed to describe the basics of international
commercial arbitration for those who do not specialize in this
area. In particular, this guide describes: (i) the reasons for
selecting international arbitration over foreign litigation; (ii) a
checklist for drafting an effective arbitration clause; (iii) how a
typical arbitration proceeding unfolds; (iv) challenges and
enforcement of awards; and (v) the costs of arbitration.
