The Global Supply Chain: Preparing for International Arbitration

I.       Key Features of International Arbitration

A.    Binding method of dispute resolution

B.    Useful in context of high-value international contracts

C.    Provides for a binding and enforceable decision without subjecting your company to foreign courts

1.       Different considerations than domestic arbitration versus domestic courts

2.       International arbitration preferred to litigating in foreign courts due to ease of enforceability (See New York Convention)

D.    Subject to venue rules and applicable law, parties often steer procedure and timetable

E.     Confidential