After decades of development and consolidation, international arbitration is now the natural forum for resolving disputes in international trade, foreign investment, construction and infrastructure, energy, finance, distribution, intellectual property and more.

Companies that do business internationally often include an arbitration clause in their contracts. This clause allows them to submit disputes to arbitration. They usually take the opportunity to agree on the governing law (which will apply to the substance of the dispute), a seat (which will determine crucial aspects such as appeals) and an institution to administer the proceedings (whose rules will provide the basic procedural framework).

Reliable arbitration institutions include:

A standard arbitration proceeding begins with the filing of a notice of arbitration. This sets in motion the process of appointing the arbitral tribunal. Selecting the most appropriate individuals to hear the case is one of the most important aspects of the entire process. It requires a deep knowledge of the arbitration world that can only be acquired through decades of experience.

Once the tribunal has been appointed, a procedural calendar will be set. The parties will then usually exchange their statements of claim and defense. Often there will be a period to produce documents in the possession of the other party. A hearing to examine witnesses and experts will follow. The tribunal will then deliberate and issue a final award.