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).
On the  long scale , one billion is 1 million million, or 1 and 12 zeroes (1,000,000,000,000). The long scale is still used in some European countries (France, for example). The UK switched to the short scale in 1970/71. On the  short scale , one billion is 1,000 million, or 1 and 9 zeroes (1,000,000,000).