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Arbitration is a dispute settlement method in which one (or more) freely chosen and non involved person(s), enjoying the parties’ trust, intervenes in order to settle a dispute submitted to his judgment.

The choice to arbitrate may be exercised at any time, even after the dispute has arisen. The conditions to arbitrate are (1) the parties’ express consent and (2) the subject matter of the controversy must be capable of arbitration according to the venue’s arbitration law.

While vested with adjudicative mission, the arbitrators are deemed judges and their rulings are equivalent to any judicial award.

The advantages of this mechanism are:

  1. Freedom to choose specialized arbitrators, from different legal systems and backgrounds;
  2. The greater freedom given to the parties to conduct the proceeding;
  3. The speed in resolving the dispute;
  4. The confidentiality.
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