International Arbitration is a method of resolving disputes between parties from different countries outside of traditional court systems. It involves an impartial third party, known as an arbitrator, who reviews the evidence and makes a binding decision. This process is often preferred for its confidentiality, speed, and flexibility compared to litigation. Parties typically agree to arbitration in advance, often through contracts that specify the rules and procedures to be followed. Arbitration institutions, such as the International Chamber of Commerce (ICC) or the London Court of International Arbitration (LCIA), provide frameworks and support for conducting these proceedings effectively.