What are the Reasons and Advantages of International Arbitration?

Prompt Redress of Claims Through a Neutral Arbitral Body:  International arbitration provides a fast-paced thoroughly controllable process under which – by and through the agreement of all parties – arbitration can resolve any dispute/claims among the parties by and through a binding award, including monetary damages.

Control by the Parties Regarding Important Terms of Arbitration:  The terms under which the parties will conduct arbitration may, if so desired, largely be placed under the parties’ own control through their agreement.  Such important matters which the parties are free to agree-upon include (but are not limited to), the number of arbitrators that may hear any claim (one up to three usually), the location of the arbitration hearing, the applicable procedural rules of the arbitration as well as the law to be implemented regarding the arbitration.