Alternative Dispute Resolution in Thailand
If you are doing business in Thailand you might have already had some experience with the local court system. An all too common complaint of the local business community is that court proceedings in Thailand are agonizingly slow. Furthermore, a non-Thai businessman usually does not understand the proceedings, since the official language in Thai courts is Thai. Finally, a domestic court ruling is generally not enforceable in another country and if one or both of the parties does not live in Thailand and/or has their assets in another country, a domestic court "win" might be a "hollow victory".
But what's the alternative? You may have heard of "alternative dispute resolution". The "alternative" means "other than going to court." One such longstanding alternative gaining evermore international recognition, is arbitration. Arbitration is the most commonly used formal alternative to domestic court proceedings, especially for disputes between parties in different countries.