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Arbitration Since 1958 when the Convention of New York, arbitration has distinguisheds itself from the national courts by replacing the slowness of public procedures with an economically efficient jurisdiction.
Formerly arbitration (wich was only Ad Hoc) was the privilege solely of large companies; today the reverse is true. Only rich claimants can withstands a long, laborious and exhausting suit in a public court. The Standard Dispute Rules make arbitration less expensive and accessible to all of us.
Arbitration has a social and economic mission to provide a final award in a humanly and economically reasonable time. It is part of risk management. It's a quick procedure that rapidly gives an enforceable award to the parties within a reasonable and sustainable timeframe. For this reason arbitration is a right. Visit this site to settle disputes more quickly. 1> AD HOC arbitration |
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