In recent years, large companies have embraced arbitration as
their preferred method of dispute resolution, particularly in
international disputes with suppliers, customers and business
partners. In fact, 90 percent of respondents to the 2015 International Arbitration Survey reported
that they turned to international arbitration to resolve
disputes.
But while many global corporations rely on arbitration and other
ADR procedures for everything from intellectual property to
employment disputes, business executives at mid-sized companies may
still be unfamiliar with ADR and its benefits, particularly when it
comes to international conflicts. In fact, many business executives
enter cross-border agreements simply hoping for the best. But
companies need to plan ahead for inevitable disputes, and securing
an ADR procedure in advance can not only save companies time and
money, but will also keep disputes private and perhaps even
preserve the business relationship and the
