ChocoChocolate WLL (Bahrain) has a dispute with Chocolate Milk WLL (Switzerland). A clause in the contract states, “Any dispute arising out of or in connection with this contract shall be submitted to arbitration in accordance with the rules of the International Chamber of Commerce Arbitration Centre.” What is the advantage of this clause? (LO1, LO2, LO3)

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None of the answers are correct.

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The parties may be able to resolve their dispute publicly.

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The parties may be able to resolve their dispute without it being a binding decision.

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The parties may be able to raise a claim in court if a dispute occurs.

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ChocoChocolate WLL (Bahrain) has a dispute with Chocolate Milk WLL (Switzerland)...

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