Arbitration is an effective means of resolving commercial disputes with having to through the courts process.
These proceedings will usually arise if agreement cannot be reached between disputing parties but both parties agree to referrer to the case to an independent arbitrator (neutral individual or body) and accept their decision on the matter. This will usually take place by way of an Arbitration.
Arbitration results in a decision that is binding on all parties and is based upon an agreement by the parties to have a dispute settled in this manner. There is no right to revert to the Court and the decision is imposed on the parties.
Arbitration is a more final process than the other methods of ADR which generally require some form of consensus by the parties to reach a resolution.
Parties who are in dispute and require a formal binding decision to resolve and conclude their dispute can seek the services of an arbitrator. 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.
The arbitrator (s) are independent, on hearing and or reviewing the documents the parties submit they shall provide an award (decision), which is final and binding on the parties. In some cases a hearing will not be required and the arbitrator can simply provide an award (decision) through the written documents that they have received. We aim to dissolve disputes in arbitration as it is considered much quicker than entering into litigation.
We have the expertise you need to manage a dispute effectively and make sure mediation and arbitration issues are handled correctly with a focus on achieving the best outcome for you and your business. Please complete our enquiry form for further information and advice.