Author(s): Sholpan Saimov
Disputes are an inevitable part of business operations, and resolving them efficiently is critical to maintaining relationships, protecting assets, and ensuring continuity. Arbitration and litigation are two primary methods of dispute resolution, each with distinct processes, advantages, and limitations. This article explores the differences between arbitration and litigation, examining their legal frameworks, cost implications, confidentiality, and enforceability. It also provides guidance on choosing the appropriate method based on the nature of the dispute, industry norms, and strategic goals