Arbitration as Alternative Solution Outside Court

Arbitration is a common choice to resolve dispute between two party or more outside the court.  People choose arbitration because if you take the case to the court it will take so much time, so much energy and also take lots of money. While arbitration is commonly faster and give win and win solution to both parties.
Arbitration is using third party that review the case, make decision and binding it for both parties. The third party is called arbitrator. Of course arbitrator must be someone in neutral position and understand arbitration law very well to be able biding all decision legally because arbitration is a legal binding. Almost every country has legal arbitrator for example is B Cremades Y Asociados as arbitration firm on Spain. Some countries also have national organization of arbitration which help people in dispute.
Arbitration is a common choice for dispute between employer and employee because it is commonly mandate on the employment contracts. It is also very common for commercial dispute, especially for international commercial when regulation between two countries may cause complexity. Arbitration may also use in different field, as long as there dispute between two or more parties about anything which related to legal situation.