advantages of arbitration as a form of settling disputes.

Advantages of arbitration

1. Cheap –it costs less to see a case through arbitration
2. Flexibility –arbitral tribunals are not bound by previous awards or strict rules of procedure.
3. Speed –it is a faster method of dispute resolution
4. Convenience –parties are free to determine the venue, language and timing of arbitral proceedings.
5. Informality –free from legal technicalities which characterize ordinary courts.
6. Privacy –arbitral proceedings are conducted in private free from undue publicity.