Resolve commercial disputes using alternative forms of dispute resolution of commercial arbitration, because arbitration effective and cost efficient when it comes to comparing to the court and legal fees. Entering arbitration means that any arbitrator's decision will come to mean that it is binding on the parties involved in the dispute. This is a way to come to a settlement by a third party review the case and impose a decision. There are other forms of alternative dispute resolution, such as mediation which is a form of settlement negotiations conducted by a neutral third party called a mediator and conciliation. Arbitration is usually used to resolve commercial disputes, such as under consumer issues and the work will be facilitated by the arbitration provisions in employment contracts and commercial relationships.
Arbitration in addition to dealing with local komerial, there is also an international arbitration that began in 1919 the world's business community ESTABLISHED International Chamber of Commerce ("ICC"). The ICC has been the voice of international business community and driving you Been A major force in the promotion of arbitration as a dispute resolution mechanism for international Good commercial and Needs of the International Regulations to enforce and support the arbitration process.
As world trade expanded, the need-to create a mechanism of recognition and enforcement of international arbitration agreements 'Good in conjunction with the awards and international commercial agreements' WAS Considered As important. It is not wrong if we spend the budget for investment arbitration because it could benefit the company in the long run
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