Multinational corporations agreeing to resolve a dispute through a formal hearing before a panel of experts is a method of alternative dispute resolution.

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This method is known as arbitration, a common form of alternative dispute resolution (ADR) where disputes are resolved outside of court by one or more persons (the "arbitrators", "arbiters" or "arbitral tribunal"), which renders the "arbitration award". An arbitration award is legally binding on both sides and enforceable in the courts.

Multinational Corporations Agreeing to Resolve a Dispute Through a Formal