ADR evaluations-arbitration Flashcards
positive points- 4
parties can choose their arbitrator
procedure up to the parties
Privacy
Arbitrator is an expert
parties can choose their arbitrator dev
flexibility
Can be an expert
May be known and trusted by the parties making them feel more comfortable with who is sorting their issue
parties can choose their arbitrator extra
open to abuse and bias
procedure up to the parties dev
choose time, date, place, format- more convenient and can adapt tasks to their own schedules, making it easier to balance multiple responsibilities, such as work, family, and personal activities. This leads to less stress and more autonomy over their time.
procedure up to the parties extra
leads back to lack of structure
lack of structure can lead to confusion, miscommunication, and conflict. Clear roles, expectations, and processes are essential for teams to work efficiently and harmoniously.
Privacy dev
preservers reputation for businesses and protects families and their images as bad reps can ruin things
also makes people look more ethical if truth isnt uncovered
privacy extra
lack of transparency on the process. Public have the right to know about poor business practices
Arbitrator is an expert dev
Parties choose expert in specific area (e.g businesses) may be more knowledgeable than a judge
Arbitrator is an expert extra
Not guaranteed- esp if parties pick their own arbitrator
this could cause costly mistakes, legal violations, or unintended consequences that could result from misunderstanding the law.
what are the negative points- 4
appeals restricted
no legal professional
can be expensive
precedent does not apply
appeals restricted dev
legally binding outcome- very hard to challenge and appeal even if appeal is unfair- makes it hard to reverse decision if the wrong one is made
appeals restricted extra
can be appealed if evidence of bribery or law used incorrectly making it more fair
no legal professional dev
arbitrator isn’t legally trained so may not understand complex law
this could cause costly mistakes, legal violations, or unintended consequences
no legal profession extra
however is an expert and usually has training on law relating to that area even if not generally legally trained
can be expensive dev
the fees are expensive like up to £1000 a day for London Institute of Arbritraors esp if very expensive if qualified