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Commercial Dispute Resolution, Resources - Schaffer, R.; Agusti, F.&…

- - - - less expensive than litigation
      - recognised and enforced by most nations - New York Convention
      - the parties can choose the arbitrator from an independent list with a specific skill set
      - saves time - limited right to appeal
      - resolution by a third party
    - - limited experience in selecting arbitrator
      - no precedential value to arbitrators decision
      - relaxed procedural rules
      - limited rights to discovery and appeal
      - decision cannot be appealed
- - - - court's power over property within geographical boundaries
    - - specific courts hear about specific legal matters
    - - courts hear cases of crimes within their territory
    - - court's power over individual or corporation, i.e serving a summons