Importance of arbitration

The importance of arbitration

The importance of arbitration in commercial transactions, especially international ones (as the most appropriate way to resolve disputes of an international nature), is that the nature of these transactions is simple, easy and formal. It requires speed, confidence, flexibility and confidentiality in the proceedings. Commercial goods and services, so as to avoid counterfeiting and counterfeiting of their products. This is their right to preserve their ownership. This necessitates attempts at mediation and conciliation from the beginning to expeditious settlement of such disputes in commercial transactions, To ensure the privacy of the dealings and affection that bring together the parties and try to bring the views closer to mutual understanding, since the element of time is very effective for the cost of material and capital turnover and thus avoid the aggravation of the dispute and adversity reconciliation and reduce the size of the expected loss or increase the profit hoped for rapid resolution of the dispute His beginning .