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).
For instance, the UN, with its data, considered 1999 October 12 to be the day of six billion, but the approximation here (which I for one have more faith in) puts it at 1999 June 18 or 19 (depending on what time zone you're in), nearly four months earlier.