Historically, arbitration awards were not revered so
much for their legal analysis, but more for their sense of
fairness and industry knowledge.18 But with the proliferation
of alternative dispute resolution (ADR) mechanisms,
international business has become more sophisticated in
how to resolve disputes.19 Arbitrators are no longer prized
for their capacity to reach compromise outcomes, particularly
where other ADR mechanisms – such as mediation and
negotiation – can achieve this objective more efficiently