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| Posted by Donesia - 05-26-2021, 01:25 PM |
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How International Arbitration Practices Can Improve Domestic Construction Arbitration Arbitration is simple. Parties select a person or persons — the arbitrator(s) — whose expertise or judgment they trust to resolve their differences in a privatized forum. After each party puts on their case, the arbitrator(s) consider the arguments and evidence and renders a binding decision. Given the simplicity, informality, and efficiency offered by arbitration — as compared to courts of law — it is easy to understand why arbitration has been a readily accepted approach to dispute resolution around the world. This appeal has been especially true for the construction industry, where arbitration has become the predominant form of dispute resolution... Click for the full article: https://www.troutman.com/insights/internationalizing-domestic-arbitration-how-international-arbitration-practices-can-improve-domestic-construction-arbitration.html |