Arbitration aims to resolve disputes outside of the traditional court system, emphasizing amicable resolution and efficiency.

Mediation is a distinct form of dispute resolution, whereas domestic, international, and ad hoc arbitration are types of arbitration.

The arbitrator's primary role is to serve as an impartial adjudicator, resolving disputes and issuing an arbitral award.

Arbitration Rules establish the specific guidelines and procedures to be followed during the arbitration process.

Arbitrator Selection refers to the process by which arbitrators are chosen to resolve a particular dispute.

The arbitration hearing is a formal proceeding where evidence is presented, witnesses are examined, and arguments are heard from both parties.

The Arbitral Award is the final and binding decision issued by the arbitrator, resolving the dispute between the parties.

Arbitration Autonomy refers to the freedom of parties to agree to arbitration as a method of dispute resolution.

Arbitration awards are generally final and binding, with limited or no appeal rights.

Arbitration Challenge refers to the legal process of contesting the validity or enforceability of an arbitral award.

Arbitrator misconduct is typically not a ground for challenging an arbitral award.

Arbitration Confidentiality refers to the principle that protects the privacy and confidentiality of arbitration proceedings and documents.

Arbitration proceedings are generally private and confidential, lacking the public scrutiny and transparency associated with court proceedings.

Arbitration Enforceability refers to the legal principle that makes arbitral awards binding and enforceable by courts.

The World Trade Organization (WTO) is not an arbitration institution specifically dedicated to resolving disputes.