Arbitration

Arbitration is a form of private dispute resolution where the parties appoint an arbitrator or a panel of arbitrators to determine their disputes. Arbitration is generally used in commercial and investment disputes particularly where the parties are in different jurisdictions.

Awards are binding and unlike court judgments are enforceable in 168 different states.

Some of the advantages of arbitration over court proceedings are:

The ability to choose a neutral jurisdiction
The ability to appoint a suitably qualified and experienced arbitrator
Confidentiality
Often quicker than using the courts
An award is often final with limited option for appeal
Enforcement. By virtue of the New York Convention 1958, an arbitral award may be enforced in any of the 168 signatory states.

Details on AbbottDR fees can be found here

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Arbitration

Some of the advantages of arbitration over court proceedings are:

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