Chapter § 8.01 Introduction2
| Jurisdiction | United States |
| Publication year | 2020 |
§ 8.01 Introduction2
Traditionally, arbitration has been lauded as a faster and lower-cost alternative to litigation. This is not necessarily the case now: as arbitration, and particularly international arbitration, has evolved into a means of resolving the most complicated of disputes, it can sometimes rival litigation in cost and time. Nonetheless, arbitration offers benefits distinct from litigation—ranging from the relative ease of enforcing arbitral awards in foreign states to the ability to craft a dispute resolution process specific to the dispute at hand. As a result, and as evidenced by its growing use in...
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