Resolving Disputes: Keeping the wheels of international trade turning

When buying and selling goods and services internationally, access to effective dispute resolution is critical. How businesses manage cross-border disputes can significantly impact their ability to continue trading. Arbitration is an alternative form of dispute resolution, which can take place outside of a court. Here are four reasons why arbitration is important:

1.?????Neutrality

You do not have to bring your claim in another country’s courts, ensuring neither party feels at a disadvantage due to language or other differences

2.?????Flexibility

You decide how your claim is handled, choosing the location, language, law and even who the arbitrator is.

3.?????Enforceability

An arbitration award is generally easier to enforce abroad than a court judgment, which may allow you to recover your money faster.

4.?????Confidentiality

In comparison to court proceedings, arbitration proceedings are usually confidential, thereby protecting your reputation and trade secrets.

Want to learn more about the role of arbitration in managing disputes internationally?

Attend the London Chamber of Arbitration and Mediation’s free webinar - Resolving Disputes: Keeping the wheels of international trade turning, Thursday 3 November.

Part of International Trade Week, the webinar will take a closer look at arbitration in international supply chains, looking at commercial contracts, dispute resolution clauses and managing legal proceedings.

Sign up today: https://www.events.great.gov.uk/website/8822/events/