How can international business disputes be resolved through arbitration?

International business disputes can be resolved through arbitration. In an arbitration process, parties to a dispute present their case before an impartial third-party, known as an arbitrator. An arbitrator makes a final, binding decision on the dispute that is enforceable through law. In California, international business disputes can often be settled via arbitration as specified in any contract between the parties. When no specific agreement is in place, parties can resort to arbitration as long as they both agree to the process. The actual arbitration process starts when parties have agreed to arbitration and an arbitrator is appointed. The parties then submit their cases to the arbitrator who then makes a ruling based on evidence and legal precedents. Depending on the nature of the dispute, a hearing may be held where both sides can present evidence. After the hearing, the arbitrator will provide a ruling, usually within 30 days. Once the ruling is given, both parties are legally obligated to follow it. Arbitration is usually faster and less expensive than traditional court proceedings and also offers greater confidentiality. It’s also recognized by law in countries around the world as an effective way to resolve business disputes.

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How can international business disputes be resolved through arbitration?

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