Usually it takes 3-4 weeks to process the case in the Riga Arbitration Court. Fast processing of the case is possible thanks to three main factors. Firstly, the decision made by the arbitration court is final and cannot be appealed against. Secondly, there is a difference compared to the state court - there is no system in the arbitration court when a dispute is settled at several instances. Thirdly, if one of the parties fails to appear without justifying reasons at hearings or fails to submit the reply to the statement of claim, the arbitration court will resolve the dispute without participation of the party mentioned above.

One of the basic principles characterizing the arbitration court is that only the persons with knowledge and indisputable competence are involved in the resolution of dispute. The parties themselves choose the arbitrator or arbitrators to deal with the current dispute or the dispute that may appear in the future.
Many entrepreneurs and professional lawyers acknowledge high competence of the Riga Arbitration Court arbitrators. Besides, our Rules of Court allow the parties to involve in the dispute resolution the competent expert initially not included in the List of Arbitrators of Riga Arbitration Court.

According to the Civil Process Law arbitral proceedings are confidential. It is not a secret that for many entrepreneurs the confidentiality of the dispute resolution is of extreme importance, because due to various reasons they do not want to display to public their readiness to use extreme measures in order to defend their violated rights. The arbitral proceedings are closed for public and the persons not participating in the proceedings (for example, representatives of the competitors) can attend only if there is consent from both parties. According to the same Civil Process Law arbitration court does not publish information about the settled cases and does not give this information to the third parties (which are not participants of the dispute).

Taking into account the fact that in the majority of cases total duration of arbitration proceedings (from the moment when statement of claim is submitted till the moment when the final decision is taken) is considerably shorter, the summarized expenses of the parties involved in the case are considerably lower (taxes, lawyer's/attorney's fees, transportations expenses, time, losses connected with the delinquent payments or property not received, etc).

It is important to note that compared to the state court the parties settling the dispute in the arbitration court have the possibility to choose themselves the most suitable dispute resolution way, including place of dispute resolution, language to be used, oral or written procedure, etc.