What Is Arbitration?
Arbitration is a method of resolving disputes outside of the court system. Disputing parties who require a formal legally binding decision to resolve and conclude their dispute often appoint arbitrator(s). Who are neutral third parties. The arbitrator(s) are independent,
Arbitration Services
Arbitration is often used in commercial disputes and disagreements. Commonly used in disputes involving business contracts, consumer issues, and employment matters, as well as international trade disputes. Arbitration can be voluntary, where both parties agree to arbitrate, or mandatory, often stipulated in contracts or regulated by law. In recent years a number of organisations such as ABTA the travel regulator have developed and implemented arbitration services and schemes for their customers.
Arbitration Bodies
Arbitrators obtain their instructions direct and or are appointed by an arbitration institution. Such as the Chartered Institute of Arbitrators and similar bodies. Often experts in the relevant field, chosen by the parties. For example, a quantity surveyor, who happens to be an arbitrator, would be the perfect fit for a construction dispute.
Arbitration Or Litigation?
Arbitration is a preferred option to court litigation, as it is much faster, less formal, and typically more cost-effective. Unlike court proceedings, arbitration is usually confidential, meaning the details of the dispute and the outcome are not made public. Another reason why parties opt for it. It is usual practice for the parties to appoint just one arbitrator in some cases the parties may appoint a panel of arbitrators, usually three.
Arbitration Or Litigation ?
On hearing (the parties provide oral evidence, as they would in court), and or reviewing the documents the parties submit they shall provide an award (decision). The award is final and binding on the parties. With a limited chance of appeal. In some cases, a hearing will not be required and the arbitrator(s) can simply provide an award through the written documents that they have received.
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Arbitrator, Adjudicator, Visiting Professor & Commercial Mediator
Adjudicator, Arbitrator & Commercial Mediator
Arbitrator, Expert Witness & Commercial Mediator
Arbitrator, Academic & Commercial Mediator
