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What is International Arbitration? And is it really cheaper than normal litigation?

Date Added : November 2, 2010 | Views : 302

International Arbitration is a particular point of interest for many, as it can ultimately pose to be the most cost effective solution for international disputes. Arbitration services are often thought of to a much quicker and cheaper solution than the normal path of litigation and trial that legal disputes often take.



So what exactly is international arbitration? And is it really more cost effective than normal means of litigation? Before we answer those two questions its important to first examine the basic facts of international arbitration—including the reasons why people choose arbitration to begin with.



The reason most people choose international arbitration for international legal disputes are simple. First—international arbitration provides a very neutral and bias-free way to resolve international disputes. After all an international arbitration case, would ultimately go to a national court of one of the parties…which will ultimately lead to a very complicated trial case—as opposed to a much more streamlined mediation process if handled by an arbitrator.



The next is that international arbitration decisions are ultimately easier to enforce and agree with than a court judgment that may have specific bias to parties from that country.



These two reasons alone lead many parties stuck in an international dispute attempting to find an arbitrator who can handle international arbitration.



But when it comes to arbitration—both parties must ultimately agree on the arbitrator chosen for the specific international arbitration case. So its important when choosing an arbitrator that you look for someone who has experience dealing with international cases, and someone who can ultimately make the whole process completely fair and efficient. So don't cut costs when looking for an international arbitration expert, find someone who has experience in international disputes.



So what about costs? Is finding an arbitrator a less costly solution than normal means of litigation and trial? To put it simply yes, though it depends on a few factors. For the most part, most arbitrator costs will ultimately be much lower than attorney fees for both parties as well as the court fees for your specific case. However, when dealing with international arbitration cases—it may not be that simple. Arbitrators who have experience with international arbitration cases are not the least expensive, but its important to note that an arbitrator who has experience when dealing with international disputes will ultimately be worth the cost. After all—hiring a less experienced arbitrator can ultimately lead to unwanted solutions and a bad experience over all. So often times higher cost associated with a more experienced arbitrator is usually worth it—especially in matters of international arbitration.



So there you have it. International arbitration –something many parties want really want avoid, but sometimes cannot be avoided. But its important to take adequate time when looking for an international arbitration services in major metropolitan areas like Los Angeles and Ventura County. Legal disputes can be very complicated, and you want your case—especially if its international—to be in the best hands possible.



Michael Harrison Arbitration Services provides the best international arbitration services Los Angeles or Ventura County. Michael Harrison is a member of the American Arbitration Association and has been since 1981. International Arbitration is a specialty of Michael Harrison who has had large amounts of experience when dealing with international arbitration cases. Michael Harrison has served as a member of the International Visitors Council

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Article By: Michael Harrison


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