The international business community has expressed frustration over the cost and time of arbitration proceedings. Arbitrators, the business community contends, are not sufficiently proactive in moving cases along because the longer the case drags on, the greater the arbitrators’ fees. However, the alternative of litigating in foreign courts is not an attractive option. With no obvious recourse, there is more attention given to effective means and methods to reduce the time, cost, and uncertainty of international arbitration.
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Association of Corporate Counsel
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