Because foreign judicial forums may not be very effective in resolving many international commercial disputes, many companies look to ____ to resolve these disputes.

Question

Quizplus · Accepted Answer

Arbitration is a method of resolving disputes outside of the courts, where parties agree to have their disputes heard by one or more arbitrators. It is a popular alternative to litigation, particularly in international commercial disputes, as it provides certainty, confidentiality, and finality, and can be more flexible and less time-consuming and costly than traditional litigation.

Because Foreign Judicial Forums May Not Be Very Effective in Resolving