Cyprus as an Ideal Centre for International Commercial Arbitration

Arbitration as an alternative method of dispute resolution Arbitration is an essentially private contractually binding dispute resolution process conducted before an independent arbitrator or panel of arbitrators who act as the judge and thus attempt to resolve the raised disputes. International arbitration is considered to be the most common method for resolving disputes arising from commercial agreements between businesses, originated from different jurisdictions. International arbitration is based on an agreement conducted by the parties, providing that if a dispute arises on any matter under the contract, 1) the parties shall submit their dispute to an arbitral tribunal instead of going to a Court and 2) the arbitrator(s) shall resolve the dispute according to certain parameters and according to the governing law of the contract; and 3) the Arbitrators’ decision shall be final and binding to the parties. READ MORE