What are the steps involved in international arbitration?

International arbitration is a dispute resolution procedure in which a neutral third party called an arbitrator is used to resolve a dispute between two or more international parties. This process is commonly used in New Hampshire to resolve international litigation cases. The steps involved in the international arbitration process can vary depending on the complexity of the dispute. Generally, the process involves the following steps: 1. Initial Consultation - Each party is required to consult with an international arbitration attorney. During the consultation, the attorneys will discuss the case and determine whether international arbitration is the best option for the parties. 2. Preparation of Documents - All relevant documents must be prepared and submitted to the arbitrator by each party. These documents include evidence, legal briefs, and other relevant materials that will be used in the arbitration process. 3. Arbitrator Selection - Once all documents have been submitted, each party may select an arbitrator to hear the case. Depending on the agreement between the parties, a single arbitrator or a panel of arbitrators may be chosen. 4. Arbitration Hearings - The arbitration hearings are held in a private forum. During the hearings, each party has the opportunity to present their case, including any relevant evidence or witness testimony. 5. Award Issued - At the conclusion of the proceedings, the panel will issue an award to determine the outcome of the dispute. This award is binding and will be legally enforceable in New Hampshire. These are the main steps involved in international arbitration. The entire process can take several months depending on the complexity of the dispute being resolved. International arbitration is an effective and efficient way to resolve international disputes in New Hampshire.

What are the steps involved in international arbitration?

Related FAQs

Related Blog Posts