International arbitration is a method of resolving disputes outside of national courts. One of its main features is the neutrality of the arbitration venue. Unlike litigation, where cases are often heard in the court of the disputing party's home country, arbitration allows parties to choose a neutral location that is fair to both sides. This neutrality helps prevent bias and ensures a more balanced outcome.

Another key characteristic is the flexibility it offers. Parties can select arbitrators with specific expertise related to their case, which is not always possible in traditional court systems. Additionally, arbitration proceedings are typically confidential, protecting sensitive business information from public disclosure. This privacy is particularly valuable for companies seeking to avoid unwanted media attention or protect trade secrets.

Lastly, international arbitration often results in faster resolutions compared to lengthy court processes. The streamlined procedures and direct communication between parties contribute to quicker settlements. All these features make international arbitration an attractive option for businesses engaged in cross-border transactions. 🚀