The Alternative methods of dispute resolution
have eventually acquired a huge popularity and utility in the commercial and
business- commerce sector. One of the most utilized methods is the arbitration,
most of the parties associated with the commercial transaction nowadays prefer
to opt for arbitration for the settlement of any kind of dispute. Arbitration
in particular works especially well in the areas of commercial and
international disputes as a quasi-judicial system developed to counter the
snags of litigation and an overburdened judiciary.
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