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Choosing a Seat and Venue for Arbitration: A Comprehensive Guide

Arbitration, an increasingly popular method for resolving disputes outside traditional court systems, involves the selection of a neutral third party or panel to render a binding decision. Among the critical decisions parties must make in arbitration

  • The seat of arbitration determines the governing law, while the venue is the physical location of hearings.
  • Legal framework, judicial support, enforceability of awards, neutrality, and costs are crucial considerations.

BY : Fanuel Rudi

Date : 2024-07-08 18:19

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