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Article: A world of trouble; Globalization, meet dispute resolution.(Peter Baugher, Chicago International Dispute Resolution Association)
- Article from:
- Crain's Chicago Business
- Article date:
- February 19, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: STEVE HENDERSHOT
For U.S. companies, doing business abroad can mean huge growth. But when a deal goes bad, it can mean big headaches. As a result, most American companies include arbitration provisions in their business contracts with foreign companies. Crain's asked Peter Baugher, 58, president of the Chicago International Dispute Resolution Assn. (CIDRA), what local business owners need to know about international arbitration.
Crain's: What is the benefit of arbitrating an international dispute vs. going to court?
Mr. Baugher: For one thing, if a plaintiff wins a judgment against a foreign defendant, the plaintiff may not be able to ...