Arbitration vs court proceedings – a neck-and-neck race for efficiency?
Both arbitration and litigation practitioners share a common interest: ensuring efficiency in proceedings.
More and more arbitral institutions issue specific rules on expedited proceedings and measures for saving time and costs in arbitration. At the same time, specialized Commercial Courts advertise the efficient resolution of international disputes before national courts to attract litigants.
Which approach is more promising?
Arbitration vs court proceedings – a neck-and-neck race for efficiency?