Earlier people used to visit traditional courts to resolve any type of Investment related disputes. However, the whole procedure to resolve the dispute is quiet complex and time consuming as well. Alternative to traditional litigation, you can choose investment Arbitration (also called Investor-State Dispute Settlement or ISDS).
What is investment arbitration? It is a procedure to resolve disputes between foreign investors and host States. The possibility for a foreign investor to sue a host State is a guarantee for the foreign investor. The qualified International Arbitration lawyers will have independent access in the case of a dispute, to render an enforceable award.
These days, people prefer to choose arbitration to solve investment related disputes. But why? Choosing investment arbitration offers many benefits including flexibility, confidentiality, faster speed, less costly and more.
The arbitration parties are quite flexible that perfectly suits the contracts and needs of the client. The procedures and the outcomes of the international arbitration are private and confidential whereas the court proceedings are generally public.
When it comes to time taken to resolve the dispute, it takes less time than litigation. Even the parties need to pay the fees and expenses of the decision makers but lesser than traditional litigation. Thus, whole arbitration process is cost effective. It also provides great cost effectiveness for the smaller disputes.
In addition, arbitration allows the foreign investor to bypass national jurisdictions that might be perceived to be biased or to lack independence, and to resolve the dispute in accordance to different protections afforded under international treaties.
Along with these benefits, the clients also expect the preservation of business relationships. Thus, arbitration is more considered for all international transactions and disputes. However, to avail all these benefits choose Investment Arbitration firms that can offer you best investment arbitration services along with all these benefits.
This post first appeared on Three Things That Makes An International Arbitration Law Firm Reliable, please read the originial post: here