Arbitration is the best recognized and the most highly valued method of solving disputes across the globe. Its chief advantages are the speed of proceedings, highly-qualified arbitrators and considerable time and money saving. Polish entrepreneurs start appreciating the benefits of arbitration proceedings as an alternative to proceedings before common courts.
It should be emphasized that the total costs of settling a dispute before the National Court of Arbitration is considerably lower than in case of a common court. In addition, the speed of proceedings and the possibility of predicting the date the judgement will be pronounced by the NCoA compensate for the litigation costs incurred by the parties. In case of state courts, it is not possible to predict when the judgement will be passed.