Advantages of International Arbitration. Conventional Understanding and Practical Considerations.

01.04.2011, Dmitri A. Lubomudrov
Advantages of International Arbitration. Conventional Understanding and Practical Considerations.
Arbitration is the most popular dispute resolution method among those available to participants of legal relations, where disputes in one way or other are related to cross-border trading or dealings. Inclusion of an arbitration clause in international commercial contracts has been a standard business practice for several decades now. This is due to a number of advantages of international arbitration, stemming from the legal nature of this institution and the stage it has attained in its development. The article by law firm’s Attorney-at Law Dmitri Lubomudrov dwells on those advantages of arbitration which scholars most often mark.