Arbitration is a form of alternative dispute resolution (ADR) in which the parties to a dispute agree to have their case decided by an arbitrator or a panel of arbitrators, rather than going to court. The decision made by the arbitrator is binding on the parties involved and is enforceable in court.<\/p>\n
Arbitration is often used as a faster, more cost-effective, and more private alternative to litigation. It is commonly used in commercial disputes, labor disputes, and international disputes.<\/p>\n
In arbitration, the parties involved in the dispute typically agree on an arbitrator or panel of arbitrators who have expertise in the subject matter of the dispute. The arbitrator(s) then review the evidence and arguments presented by both parties and make a decision, known as an award.<\/p>\n
Arbitration can be conducted in a variety of formats, including in-person hearings, telephone hearings, and written submissions. The process is less formal than a court proceeding, but the arbitrator’s decision is legally binding and can be enforced in court.<\/p>\n","protected":false},"excerpt":{"rendered":"
Arbitration is a form of alternative dispute resolution (ADR) in which the parties to a dispute agree to have their case decided by an arbitrator or a panel of arbitrators, rather than going to court. The decision made by the arbitrator is binding on the parties involved and is enforceable in court. Arbitration is often…<\/p>\n","protected":false},"author":1,"featured_media":14455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1566,93,1570,285,1568,1572],"class_list":["post-428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-alternative-dispute-resolution","tag-arbitration","tag-arbitrator","tag-dispute-resolution","tag-disputes","tag-maritime-arbitration"],"yoast_head":"\n