1945

Arbitration proceedings

image of Arbitration proceedings

An essential feature of arbitration is flexibility as compared to court procedures. In arbitration proceedings, parties are free to tailor the proceedings according to their wishes and needs, within the limits of the relevant applicable laws. For example, in one case the parties agreed to have arbitration on a cruise ship, so no party could walk away.

Related Subject(s): International Trade and Finance
Sustainable Development Goals:
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