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International Commercial Arbitration

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Arbitration is the process by which parties to a dispute submit their differences to the binding judgment of an impartial third person (or group of persons) selected by mutual consent. The perceived advantages of arbitration in a domestic context are magnified in an international transaction; savings in time and expense may be considerable, and preventing litigation in the other party's "home" judicial system is often far more preferable than exposure to the uncertainties of a different nation's laws and procedures.

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Copyright © 2011 Advameg, Inc.