Arbitration

Arbitration is a legal process which is held out of courts, but still results in a final and legally binding decision, which is ge­nerally called an award. The parties who agree to settle by means of arbitration are submitting their case to a neutral arbitrator (s). The reasons for opting arbitration may vary from case to case. Arbitration is generally faster, less expensive and more informal than litigation.

Court of arbitration among other things protects rights of legal entities involved in foreign economic activities. Arbitration proceedings are commenced after the filing of a proper claimant with a court of arbitration. Having duly and thoroughly considered a case on its merits, a court of arbitration adopts a ruling. The decision is made in writing.

Almost every country in the world has its Arbitration court. Hearings in such courts can be conducted in different languages, among them is English. Since our lawyers are fluent in English, we can effectively represent our clients in these courts.