The preference for arbitration, over the regime of the courts, in domestic and international disputes is natural. The arbitration awards are final and binding on the parties and can be challenged only in exceptional circumstances.The parties are free to choose their own arbitrator, rules and procedure. Confidentiality is ensured and disputes are expeditiously resolved.

Selecting the Institute for the Development of Commercial Law and Practice for dispute resolution, parties are choosing the premier arbitration centre in Sri Lanka as the independent, neutral third- country venue in Asia, to resolve all commercial disputes, in accordance with the Regular and Expedited Rules of Institute for the Development of Commercial Law and Practice.

Arbitration awards made in Sri Lanka are enforceable in most of the trading nations in the world, since Sri Lanka is a signatory to the New York Convention on the International Enforcement of Arbitration Awards.