This article is written in collaboration with the IE Arbitration Club. By Louiza Apostolidi [Arbitration is a formal alternative dispute resolution mechanism available to parties in dispute. It involves the intervention of a neutral third party (single arbitrator or arbitral tribunal) who hears the case and produces a binding decision on its merits. As opposed to a state court trial, the parties may choose an expert to adjudicate their case. The main appeal of arbitration lies in the confidentiality of the proceedings, voluntary submission of the parties, significant time saving and expertise…