Which of the following statements best describes the difference between arbitration and litigation for international dispute resolution?
A) Unlike arbitration,once litigation has begun,the parties can negotiate around many rules of a legal system.
B) International arbitral bodies often have less experience in dealing with international commercial disputes than their judicial counterparts.
C) Arbitral bodies,unlike courts,can generally keep the nature and the outcome of the dispute confidential.
D) Litigation is potentially more flexible and allows the structure,formalities,and proceedings to be tailored to the specific case at hand.
Correct Answer:
Verified
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