March 26, 2020 Articles

Ten Tips to Get the Most Out of U.S.-Based Business Arbitration

Learn how to lead more efficient and productive arbitrations for you and your clients.

By Conna A. Weiner
Commercial arbitration can be a better forum for the resolution of business disputes if it is done with adequate planning and an arbitration mind-set.

Commercial arbitration can be a better forum for the resolution of business disputes if it is done with adequate planning and an arbitration mind-set.

iStock, Credit: bakhtiar_zein

For cross-border, international disputes, experienced advocates generally accept the notion that arbitration, rather than litigation, is the more practical choice for a final adjudication: (1) Unlike a court judgment, an arbitration award will be widely enforceable in the many countries that are signatories to the New York Convention; (2) arbitration provides a neutral forum for companies of differing nationalities; and (3) the vagaries of local court systems are avoided in favor of a flexible, customizable process.

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