Why do commercial parties often choose arbitration over going to court?

Commercial parties frequently prefer arbitration for several practical reasons. It allows them to select a neutral with relevant expertise, rather than being assigned a judge who may have no background in the subject matter. It is private and confidential, which protects sensitive business information and reputations. It is generally more flexible and can be faster and more efficient than litigation, particularly for complex or cross-border matters. And it produces a binding award with limited grounds for appeal, giving the parties finality. For international transactions in particular, arbitration offers a neutral forum and, through international treaties, a more reliable path to enforcement across borders than a court judgment would provide.