Anyone can agree to arbitrate a disagreement or legal issue, but the key word is agree. Simply because one of the parties in a dispute desires to enter into arbitration does not take away another party's right to go to court.
Part of the Nanotechnology glossary: (This definition follows U.S. usage in which a billion is a thousand million and a trillion is a 1 followed by 12 zeros.). A nanosecond (ns or nsec) is one billionth (10 -9) of a second and is a common measurement of read or write access time to random access memory (RAM).
In the British system one billion is 1,000,000,000,000 and one trillion is 1,000,000,000,000,000,000 so one trillion is one million times one billion. There is a table of the differences in these systems at Billions and more!, the answer to a previous question.