Arbitration is the most popular dispute resolution method among those available to participants of legal relations, where disputes in one way or other are related to cross-border trading or dealings. Inclusion of an arbitration clause in international commercial contracts has been a standard business practice for several decades now. This is due to a number of advantages of international arbitration, stemming from the legal nature of this institution and the stage it has attained in its development. The article by law firm’s Attorney-at Law Dmitri Lubomudrov dwells on those advantages of arbitration which scholars most often mark.