What are the Challenges of Arbitration in Nanotechnology?
Despite its advantages, arbitration in nanotechnology also faces challenges:
Cost: While generally faster, arbitration can still be expensive, particularly if the case is complex and requires multiple expert witnesses. Enforceability: Although arbitration decisions are binding, enforcing them across different jurisdictions can sometimes be challenging. Limited Appeal: The scope for appealing an arbitration decision is typically very limited, which might be a disadvantage if the decision is flawed or biased.
