International Council

Companies often prefer #arbitration over litigation for several reasons, and the International Council Lebanon #ICArb offers unique advantages that make it an attractive choice for commercial dispute resolution.

Reasons to choose arbitration over litigation:

1. Flexibility: Arbitration allows parties to customize the proceedings according to their needs, including selecting arbitrators, determining the applicable law, and setting the procedural rules.
2. Confidentiality: Arbitration proceedings are generally private and confidential, protecting sensitive business information from public disclosure, which is often inevitable in court litigation.
3. Time efficiency: Arbitration cases are usually resolved faster than court litigation, as there are fewer procedural formalities and limited grounds for appeal.
4. Cost-effectiveness: Although arbitration costs can be substantial, they are often lower than court litigation expenses, particularly when considering the faster resolution of disputes.
5. Expertise: Parties can select arbitrators with specific expertise in the subject matter of the dispute, ensuring a more informed decision-making process.
6. International enforceability: Arbitral awards are generally easier to enforce internationally than court judgments, thanks to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

Reasons to choose International Council Lebanon (ICArb):

1. Strategic location: Located in #Beirut, the heart of the Middle East, ICArb is easily accessible from Europe, Asia, and Africa, making it a convenient venue for international commercial disputes.
2. Cost-effectiveness: As demonstrated in the comparative analysis, ICArb offers competitive arbitration costs compared to other leading arbitration centers, making it an attractive option for cost-conscious companies.
3. Time efficiency: ICArb boasts faster resolution times compared to many other arbitration centers, allowing companies to resolve their disputes more quickly and resume their business operations.
4. Experienced arbitrators: ICArb has a diverse panel of experienced arbitrators with legal backgrounds, and most of whom are tri-lingual ensuring high-quality and impartial decision-making.
5. State-of-the-art facilities: ICArb provides modern and well-equipped facilities for arbitration proceedings, enhancing the overall experience for parties and arbitrators.
6. Supportive legal framework: Lebanon has a pro-arbitration legal framework and is a signatory to the New York Convention, ensuring the enforceability of ICArb arbitral awards worldwide.