Arbitration is not preferred by the parties involved in international business. 

 Above statement is incorrect. In view of the growing complexities of international business, the businessmen intend and try their best to avoid disputes. But whenever sorne disputes or differences arise, the issues are left to be decided by a judge or an arbitrator mainly because they are preoccupied, unable to agree and are content to have their differences!disputes settled by an outsider. They ____ ___ ____ ______ __________ ________ _____ ________.
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