In the US, arbitration is often viewed as an efficient and cost-effective alternative to litigation. Commercial arbitration generally gives the parties greater finality to their disputes, limits (or even eliminates) expensive pre-hearing discovery, can achieve a resolution more quickly than litigation, and offers more procedural flexibility than does litigation. CPR is an alternative dispute resolution institution that provides rules and administrative services for arbitration, mediation, and other types of proceedings for resolving disputes. This CPR Arbitration Toolkit offers a selection of Practical Law resources designed to give attorneys a basic understanding of several important aspects of arbitrating foreign and domestic commercial disputes under the CPR rules, including how to: