Arbitration is an effective method for solving commercial disputes. It may serve as an attractive alternative to court disputes – because of the higher confidentiality, shorter length of proceedings, and the fact are the arbiters are familiar with the specific economy sectors.
Globalisation has resulted in an increased number of international investments. Inevitably, this also means an increase in the number of disputes between foreign investors and the countries that they are investing in. Such disputes can be solved by international arbitration, i.e. in a neutral venue that is not ruled on by the courts of either side involved in the dispute.