International arbitration provides a binding, neutral, and
consensual process for resolving contractual disputes between
parties, often resulting in resolutions that are quicker, cheaper,
more private, and more controllable than litigation in a court of
law. Accordingly, arbitration for the resolution of international
disputes between contracting parties from different legal
jurisdictions has emerged as a fundamental method for resolving
complex disputes in an ever-increasingly interconnected world.
Multinational companies should make sure they stay up to date on
the fundamentals of international arbitration, and it all starts
with ensuring any arbitration clause included in an international
agreement is drafted in a way that is enforceable and provides
contracting parties a clear path toward the resolution of their
dispute.
