Arbitration is, at its simplest, a proceeding where a dispute is resolved by an impartial adjudicator – a person who will not be affected by the outcome and can hold no bias or prejudice towards any of the parties concerned.
Arbitration is an alternative form of dispute resolution (ADR) and can either be voluntary or mandatory, and binding – where all parties agree to be bound to the outcome – or non-binding, where the decision cannot be legally imposed.
There are both advantages and disadvantages to using arbitration.
You can choose the language in which all communication will take place. This is useful if arbitration breaks down and the case goes to court in a country that does not use your first language (although translators can be provided)
Let’s now look at consensual resolutions:
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