Like Singapore, The Netherlands use two forms of arbitration: domestic and international, both of which are governed by the Dutch Code of Civil Procedure (article 1020-1073) ("the Code"). As the Code applies to all arbitrations held in The Netherlands, the distinction between domestic and international arbitrations is of no relevance - it is the place of arbitration that is decisive.
In general, arbitration proceedings are faster and more informal than court proceedings and the specific expertise of the arbitrator can be a significant advantage over the Court process. However one should bear in mind the variable rates charged by arbitrators, which are usually higher than the fixed registry fees applied by the Courts. Another downside of arbitration is that there is generally no right to appeal an award.