2- Arbitration Pros

Category: Arbitration

1. Speed: Arbitration proceedings are often faster than traditional court litigation. The parties have more control over the timeline, and the process can be streamlined, leading to quicker resolution.

2. Expertise: Arbitrators are typically chosen based on their expertise in the subject matter of the dispute. This can lead to more informed and specialized decision-making compared to judges in court cases.

3. Privacy and Confidentiality: Arbitration proceedings are usually private and confidential. This can be beneficial for sensitive matters where parties want to avoid public exposure.

4. Flexibility: Parties have more control over the arbitration process. They can customize the procedures and rules to suit their specific needs, allowing for a more tailored and efficient resolution.

5. Choice of Decision-Makers: Parties can have more say in selecting the arbitrators, which can result in more neutral and acceptable decision-makers.

6. Enforceability: Arbitration awards are generally easier to enforce internationally due to agreements like the New York Convention, which facilitates recognition and enforcement of arbitration awards in over 160 countries.

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