Arbitration has long been used as an alternative and in particular a satisfactory form of dispute resolution. Arbitration clauses can be found in almost every conceivable type of contract.
One of the major advantages of arbitration is the possibility to structure the procedure in a desired manner. The parties have access to arbitrators with specific expertise or with a background in a certain practice area, so that the dispute can be resolved by individuals with specific knowledge of the industry or the subject matter. In international matters, the arbitration proceedings can be construed so that foreign parties experience the required comfort, for instance by implementing international rules of discovery or the providing of evidence. In an international setting it is also of major importance that an arbitral award – unlike an award rendered by the public court – can be enforced in most foreign countries (the countries that are a party to the New York Convention 1958).
Major advantages of arbitration compared to litigation through the public courts are the confidentiality of the proceedings as well as the efficiency and speed with which cases are settled.
Ploum’s Dispute Resolution team has the required expertise to advise you about the possibilities of arbitration and alternative dispute resolution. We can assist with drafting and negotiating arbitration agreements and arbitration clauses. Should you become involved in arbitration proceedings, you can depend on our expertise as your counsel. And if you have obtained a foreign arbitral award, we can help you obtain leave for enforcement in the Netherlands.
Beside extensive experience as counsel in national and international arbitration proceedings, we also act as arbitrator in various types of legal conflicts. Also we act as a secretary to the panel and publish on a regular basis on arbitration law.