Court or commercial arbitration – which method is optimal in resolving construction contract disputes?

Court or commercial arbitration – which method is optimal in resolving construction contract disputes?

In the course of executing a construction contract, disputes may arise when one or both parties have not complied with the contractual requirements. Common disputes result from project cost overruns, failure to meet construction schedules, design changes, late...
Key point to consider in arbitration agreements

Key point to consider in arbitration agreements

The settlement of disputes by arbitration method is considered as a convenient out-of-court dispute settlement method, flexible and fast procedures; have finality; keep business secrets as well as the reputation of enterprises in the market. However, the dispute of...
Procedures for enforcement of ad hoc arbitration awards

Procedures for enforcement of ad hoc arbitration awards

After an arbitration award is issued, the ideal scenario is for all relevant parties to voluntarily comply with and execute the award. This means there is no need for further legal procedures, saving time and costs for the parties. However, not all parties obligated...