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ABOUT THE BOOK

Arbitration is most well-established in the insurance, construction, energy and shipping industries and is taking root in other areas too, notably in financial services. In 2013, for the first time, the International Swaps and Derivatives Association (ISDA) published a book to arbitration for its members.Nevertheless, there remains a degree of misunderstanding and confusion about arbitration. As this book demonstrates, there are several forms of arbitration, many adapted to the circumstances of particular types of dispute. Yet, whatever form it takes, arbitration always offers the opportunity for parties to bypass the traditional court route and, in the right circumstances, it offers many advantages. Arbitration is particularly well-suited to international cases because it applies a single set of rules to multi-jurisdictional disputes, but still relies on the powers held by national courts to enforce awards. As this book demonstrates, there are several forms of arbitration, many adapted to the circumstances of particular types of dispute. yet, whatever form it takes, arbitration always offers the opportunity for parties to bypass the traditional court route and, in the right circumstances, it offers many advantages. Arbitration is particularly well-suited to international cases because it applies a singles set of rules to multi-jurisdictional, but still relies on the powers held by national courts to enforce awards.