Wragge & Co: Before you take the plunge - International arbitration

Arbitration is a method of private, final and binding dispute resolution before a neutral tribunal. The tribunal derives its jurisdiction from the parties' agreement to submit their disputes to arbitration. Arbitration is supported by statute and international conventions and has become the favoured method for resolving cross-border commercial disputes.

In this, the first part of our second 'before you take the plunge' mini series, we look at the pros and cons of international arbitration, including flexibility, privacy and confidentiality, pre-emptive remedies, speed and cost.

In this, the second part of our mini series on international arbitration, we take a look at the issues to consider when making decisions on where, and under what rules, arbitration will take place.

In this, the third part of our mini series on international arbitration, we look at when parties might issue proceedings in their home courts, and what the options are if they do.

In this, the fourth and final part of our mini series on international arbitration, we look at why this is and consider some key points to bear in mind. We look at this from the perspective of a successful claimant wanting to enforce an English award overseas. However, claimants wishing to enforce overseas awards will have similar issues to consider.