A International Arbitration Loses Its Grip

Seidenberg, Steven
April 2010
ABA Journal;Apr2010, Vol. 96 Issue 4, p50
The article examines the issue about the reliability of arbitration in solving disputes in international companies. It indicates that arbitration was considered as a fast and cost-efficient method of resolving conflicts between international commercial companies. However, it reveals that such procedure was observed to be in long and costly legal proceedings. According to Joseph R. Profaizer, of counsel to Paul, Hastings, Janofsky & Walker LLP in Washington D. C., there has been procedural challenges involved in the arbitration process such as longer briefing schedules and greater reliance on experts and testimony. It is believed that the changes in the arbitration are caused by the U.S.-style litigation.


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