International Arbitration is considered as simple and convenient way to resolve the disputes. However, there are several misconceptions surrounding the arbitration cost. Even most of the people put off to choose it due to various misconceptions.

Below are some of the misconceptions and facts related to arbitration’s costs that you need to avoid when choosing arbitration –

Myth 1: Arbitration is an expensive dispute resolution method

There is a misconception that arbitration is quite expensive and it goes way out of their budget. However, it is not true.

International arbitration can be cost effective if you choose right arbitrators to resolve your dispute with another company. Arbitrators can provide you services within your budget and help you manage the costs. Compared to the court proceedings, arbitration can be much less expensive.

Myth 2: You need to spend more money for better results

Arbitration is considered as a dispute resolution method that gives better result. However, many believe that higher charges mean better results in the dispute settlement method. In actual, it is just a misconception.

There are many arbitration lawyers in the industry, and you can choose a professional, who can provide services in your budget. When you can find services in lesser price, then why pay more.

Myth 3: It is difficult to estimate the Cost

There is a misconception that it is not easy to calculate the exact amount you have to pay for arbitration, before you choose the procedure. On the other hand, you can easily get the estimated expense for the procedure through an arbitration cost calculator. This calculator will provide you the exact amount and you can set your budget accordingly.

Thus, choose international arbitration today and resolve your disputes out of the court without worrying about the additional expenses going out of your pocket.

For more information, you can get in touch with Dubai Arbitration Lawyers Desk. Aceris Law’s

Dubai Arbitration Lawyers Desk is a dedicated team of lawyers at Aceris Law, a specialised international arbitration law firm, which accompanies clients involved in arbitrations concerning Dubai, i.e., where a contract is executed in Dubai, a dispute is brought by or against a party in Dubai, or a Dubai public entity is involved.

Aceris Law’s Harvard, Oxford and Sorbonne trained lawyers are admitted to bars of Western Europe, Eastern Europe and North America and have significant prior experience dealing with commercial, construction and investment treaty arbitrations under the DIAC, ICC, ICSID, UNCITRAL, LCIA, SCC, SIAC, ICDR, VIAC and other arbitration rules, many of which have concerned Dubai and neighboring States.