International Arbitration

The globalization of businesses and commercial transactions, the expansion of the single European market, the opening of new geographic markets and the growing complexity of financial transactions have resulted in an increase in the cross-border disputes that companies resolve through arbitration.

Several factors influence the selection of arbitration as an alternative to taking disputes to court in a certain country, particularly the following:

• It offers a place to resolve politically and culturally neutral disputes

• It allows the parties to select arbitrators who are experts in the dispute’s subject matter

• It allows more flexible rules to be established for the arbitration procedure, which are adapted to the parties’ interests

• It ensures the procedure’s confidentiality and privacy 

• It facilitates the recognition and execution of arbitration awards or decisions in other jurisdictions through the New York Convention, to which more than 130 countries belong