05.2012

|

Articles

In recent decades, arbitration has become an attractive alternative for many potential litigants. Courts have become more willing to enforce agreements to arbitrate and, when necessary, to enforce arbitration awards themselves. Arbitration can provide significant advantages over traditional litigation for some litigants, including heightened guarantees of confidentiality and the opportunity to draw upon rules providing expedited or more limited discovery. In some circumstances, arbitration can provide a more cost effective and faster means of resolving disputes, though this of course depends upon the nature of the dispute and the arbitration  procedures adopted. Because arbitration is largely a creature of private contract, parties may craft the specific parameters and procedures they deem appropriate. Read full article here .