Environmental Policy and Law
Arbitration is a dispute resolution process in which an impartial third party, known as an arbitrator, makes a binding decision to resolve a conflict between parties. This method is often preferred over traditional litigation due to its efficiency, cost-effectiveness, and flexibility, especially in international disputes where legal systems may differ. It serves as an important mechanism for enforcing international environmental laws by providing a structured approach for parties to address grievances without resorting to lengthy court battles.
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