What are the disadvantages of international arbitration?

What are the disadvantages of international arbitration?

Some disadvantages include limited appeal options, potential high costs, and lack of transparency.

Can you explain why the costs can be high?

Costs can escalate due to fees for arbitrators, legal representation, and administrative expenses.

What about the enforceability of arbitration awards?

While generally enforceable, some jurisdictions may resist enforcing awards, leading to complications.

Are there any specific cases where arbitration failed?

Yes, there have been cases where parties found it difficult to enforce awards or faced unexpected costs.

How does international arbitration compare to litigation?

International arbitration is often faster and more flexible than litigation, but it can lack the same level of legal recourse.