Arbitration

What:

Arbitration is a non-judicial process for the settlement of disputes where an independent third-party, an arbitrator, makes a binding decision. The role of an arbitrator is similar to that of a judge, though the procedures are less formal, and arbitrators are often an expert in their own right.

Why:

This process can be tailored to suit parties’ particular needs. Speedier and cheaper than court, arbitration is confidential and offers limited grounds for appeal. This provides a finality to the awards made, which are binding and enforceable through the courts.

Forms: