Achieving the Perceived Cost Savings and Expedience of Commercial Arbitration

Reproduced with permission from The United States Law Week, 79 U.S.L.W. 1511-1513, 10/26/2010. Copyright 2010 by The Bureau of National Affairs, Inc. http://www.bna.com.

The inclusion of arbitration clauses in commercial contracts is commonplace in today’s business world. The prevailing view is that the inclusion of these clauses will yield a quicker and more costeffective resolution of disputes than the more conventional climb up the courthouse steps. All too often, however, these perceived cost and time savings are not achieved, leaving parties dissatisfied with their arbitral experience.