In essence, it entails the selection of an arbitrator, who is a third party appointed to resolve disputes between parties in accordance with a procedure agreed upon by the parties, outside the jurisdiction of domestic courts.

Arbitration is a common method of resolving disputes since it allows clients to present facts, and arguments, and even testify in front of a neutral decision-maker.

Construction arbitration is one of the essential topics in a contemporary context and related procedures, with a focus on Central and Eastern Europe. Some complex construction projects have a tendency to disputes and these require proper resolution.

Arbitration is a type of alternative dispute resolution (ADR) in which disputing parties give their nod to involve a neutral third party, alternate name: arbitrator.

Anyone thinking of arbitration needs to know its importance and reasons for choosing it. It is different from traditional court proceedings and is a widely accepted process of dispute resolution.