ADR evaluations-arbitration Flashcards

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1
Q

positive points- 4

A

parties can choose their arbitrator

procedure up to the parties

Privacy

Arbitrator is an expert

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2
Q

parties can choose their arbitrator dev

A

flexibility

Can be an expert

May be known and trusted by the parties making them feel more comfortable with who is sorting their issue

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3
Q

parties can choose their arbitrator extra

A

open to abuse and bias

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4
Q

procedure up to the parties dev

A

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.

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5
Q

procedure up to the parties extra

A

 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.

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6
Q

Privacy dev

A

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

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7
Q

privacy extra

A

lack of transparency on the process. Public have the right to know about poor business practices

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8
Q

Arbitrator is an expert dev

A

Parties choose expert in specific area (e.g businesses) may be more knowledgeable than a judge

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9
Q

Arbitrator is an expert extra

A

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.

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10
Q

what are the negative points- 4

A

appeals restricted

 no legal professional

 can be expensive

 precedent does not apply

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11
Q

appeals restricted dev

A

 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

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12
Q

appeals restricted extra

A

can be appealed if evidence of bribery or law used incorrectly making it more fair

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13
Q

no legal professional dev

A

arbitrator isn’t legally trained so may not understand complex law
this could cause costly mistakes, legal violations, or unintended consequences

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14
Q

no legal profession extra

A

however is an expert and usually has training on law relating to that area even if not generally legally trained

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15
Q

can be expensive dev

A

 the fees are expensive like up to £1000 a day for London Institute of Arbritraors esp if very expensive if qualified

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16
Q

can be expensive extra

A

usually still cheaper than courts and privacy guaranteed which means things wont get out and ruin reputation

17
Q

precedent does not apply dev

A

no rules of precedent = no consistency or certainty of outcomes meaning it may be bias depending on what the arbitrator thinks

18
Q

precedent doesn’t apply extra

A

makes outcomes more flexible and suited to specific issues

19
Q

NOW DRAW OUT INTO A TABLE ONTO A WHITEBOARD AND SUMMERISE

A

pls