Though the demand for arbitration may ebb and wane, it will likely grow substantially over the next decade. International trade will continue to expand. foreign companies fear our courts, and we fear theirs. Even some domestic companies distrust certain jurisdictions in the United States and, thus, bargain for arbitration. Privacy concerns will continue to draw many contracting companies under the blanket of a confidential proceeding. And parties to disputes involving a high degree of complexity or technical challenges will want decision-makers with industry expertise.
Litigators new to arbitration may benefit from a primer on this alternative arena. Though both arbitration and court litigation are essentially adversarial systems for seeking the truth and meting justice, their respective cultures, procedural rules and even nomenclatures differ in various ways
