What might be some other advantages of arbitrating disputes involving international transactions? Are there any disadvantages?

One of the reasons many businesspersons find it advantageous to include arbitration clauses in their international contracts is that arbitration awards are usually easier to enforce than court judgments. As mentioned, the New York Convention provides for the enforcement of arbitration awards in those countries that have signed the convention. In contrast, the enforcement of court judgments normally depends on the principle of comity and bilateral agreements providing for such enforcement.