"In trade activities, it is not only about profits, losses and business strategies that must be faced by business actors, but also about the legal aspects when a dispute occurs. If a trade dispute occurs, there are two ways to resolve the issue, namely dispute resolution with litigation or non-litigation. Litigation is the process of resolving disputes in court, while non-litigation is resolving disputes outside the court. Traders tend to choose non-litigation dispute settlement paths because of quick and efficient settlement process. In most situations, Arbitration is the choice of business actors to solve problems without going through a judicial institution because of its efficiency, accessibility and protection of the rights of the parties."

[Arbitration Settlement in the ASEAN Economy Community, International Conference on Law Reform (INCLAR 2019)]

QUESTION:

Debate the notion of "Using arbitration as a form of dispute resolution for business-related issues is better than using the conventional litigation approach in the court of law"

(CHOOSE ONE EITHER AGREE OR DISAGREE)