Arbitration is a figure whereby an impartial and specialized third party, called an arbitrator, acts as a judge in the process of resolving a dispute, handing down an arbitration decision which has the same legally binding effects as a court decision would.
Domestic Arbitration
The filing of a lawsuit or complaint is a process that must be compliant with all requirements set forth by law.
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Arbitration shall be international when the controversy is framed within the criteria chosen by each specific legislation for such purpose.