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Advantages of ArbitrationThe principle advantages of arbitration over other forms of dispute resolution (litigation included) are privacy; flexibility of procedure; the ability to use arbitrators who are experts in the field of dispute; cost effectiveness; and enforceability of the award both domestically and internationally. There is a growth in the use of arbitration as a means of resolving disputes both at domestic level and at international level. Parties to all kinds of international contracts regularly favour arbitration as the only acceptable means of resolving their disputes because it promises independence from the national courts of the other party, among other advantages above mentioned.
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