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Arbitration

Arbitration

Business relationships do not always run smoothly. It is common for companies to include in their contracts arrangements for the event of a dispute. This is known as arbitration, which is a legal means of settling disputes in arbitration proceedings. Here, non-governmental courts are formed which meet solely on the basis of an agreement between the respective parties to the dispute and pronounce judgements known as arbitral awards. The advantage here is that the parties can largely determine in advance which rules they wish to be subject to, should a dispute arise. O.Law works with experts to be able to support you in all cases.