What are the requirements for conducting international arbitrations?

International arbitration is a form of alternative dispute resolution used to resolve cross-border commercial disputes. Many companies doing business in Florida choose to use international arbitration to resolve disputes because of its cost effectiveness, speed, and flexibility. In order to conduct international arbitration in Florida, the parties must agree to submit a dispute to arbitration. This agreement should be set out in a contract or in a separate arbitration agreement that specifies the issues to be arbitrated and the procedures that will be used in the arbitration. The contract also should designate the applicable rules of procedure and the governing arbitration forum. When the parties have agreed on the terms, they can proceed with the arbitration. In addition to the agreement of the parties, international arbitration requires the appointment of an impartial arbitral tribunal. This is typically composed of three arbitrators, although a single arbitrator can also be used. The arbitrators should be experienced in the areas of law relevant to the particular dispute. In Florida, international arbitration proceedings are governed by the Florida Arbitration Code. Under this code, the parties can choose to apply either the International Commercial Arbitration Act or the Uniform Arbitration Act. The designated arbitrator has the authority to issue decisions and orders in relation to the dispute, and the parties must comply with those decisions. The decisions of the arbitrators are binding on the parties and can be enforced in Florida state courts.

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What are the requirements for conducting international arbitrations?

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