12 Marker B Arbitation Flashcards
What is a disadvantage of arbitration 1
Not equal footing regarding ability present cause legal aid isn’t given and as such this may disadvantage people against businesses if it was in courtlow income families would have legal aid
What’s the disadvantage of arbitration 2
A legal point memorise which is not suitable for the decision by a non-lawyer arbitrator
Disadvantages of arbitration 3 / 4
Professional arbitrators are expensive, it will also be expensive for parties to opt for a formal hearing with witnesses.
Disadvantages of arbitration 5
Rights of appeal are limited
Disadvantage of arbitration 6
International arbitration delays are nearly as great as those in courts if professional arbitrators/lawyers are used
Disadvantages of arbitration 7
The delays have made unpopular with companies
What is the arbitration act 1996?
Good question
Advantages of arbitration 1
Parties are free to make an arbitration, formal/informal
Advantages of arbitration 2
Parties pick their own orbiters , legal professionals or tech professionals.
Vantages of arbitration 3
Questions are quality, tech professionals save money, on witnesses and time
Advantages of arbitration 5
It is private so there is no publicity.
Advantages of arbitration 7
They are quicker then court hearings.
Advantages of arbitration 8
Usually much cheaper than the court
Advantages of arbitration 9
The award is typically final and can be enforced
