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Resolving International Commercial Disputes, Schaeffer, R., Agusti, F.,…

- - - - Disadvantages
        
        Although it is less costly than litigation, arbitration is not cheap.
        
        The losing party in an arbitration has a limited right to appeal the decision
        
        Discovery is limited in arbitration proceedings and parties may not be fully aware of all the facts
        
        Relaxed procedural rules may permit the admission of evidence
        
        The widespread use of arbitration clauses in contractsmay result in the limitation of the right to initiate litigation.
        
        There is no precedemtial value to an arbitrator's decision in relation to any future proceedings.