Autonomous and independent arbitration center
Arbitration is an effective alternative method of resolving disputes. Companies are interested in rapid and non - burocratic solving of disputes. Nowadays, arbitration is the principal method of dispute resolution between companies, individuals, and even States. The most complicated and high value disputes are solved by arbitration tribunals around the world. The arbitration proceedings are transparent and the parties can tailor the proceedings according to their needs. In general, the proceedings are governed by the arbitration rules.
However, the duration, the examination of evidence, and other issues are subject to modification by the parties. The parties have the right to appoint an arbitrator, whom they think possesses the particular experience and who is impartial. Parties have the right to challenge the opposing party appointed arbitrator on the grounds of impartiality. The two party – appointed arbitrators will appoint the chairman of the tribunal. In general, the proceedings are governed by the arbitration rules.