In the right circumstances some Advantages of Alternative Dispute Resolution
under ICC rules or under the rules of the Hague Convention are:
Reduction of the costs of litigation
Speed up the process
Final, binding decisions
Allow specially trained and industry knowledgeable arbitrators to judge complex technical issues, rather than “outsiders” to the industry
Arbitration hearings are not public, and only the parties themselves receive copies of the awards. Preserves the confidentiality of corporate operations or business method information
Accommodate divergent foreign laws and cultures in international transactions and has International recognition of arbitral awards
