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).
The answer depends on here you live. In the USA billion is 1 000 000 000 and a trillion is 1 000 000 000 000 so a trillion is a thousand times a billion. In Great Briton a billion is 1 000 000 000 000 and a trillion is 1 000 000 000 000 000 000 so a trillion is a million times a billion. There is a more complete description of the two naming systems in Billions and more! and in Billions and more! and even more! Penny.