Home > Legal Updates > Commercial Disputes Settlement: Advantages of International Arbitration

Commercial Disputes Settlement: Advantages of International Arbitration

Arbitration, in particular international arbitration, has many advantages compared with national court or other domestic dispute resolution forums.

Ability to select arbitrators

At court, the trial panel members are assigned by the court according to the judges’ practice areas and workloads. The result of this arrangement is sometimes an assigned judge may not have the experiences and expertise relevant to the specific matter of dispute between the parties. On the contrary, at arbitration, the parties may select the arbitrators who have the most suitable skills and experiences that satisfy their requirements. Moreover, international arbitration centers provide lists of their arbitrators, who are experts in many business fields and who have years of experiences in resolving international disputes, for the parties to select. This is important as international commercial disputes are often very complex and require extensive knowledge of international laws and business practices. More…