Advantages of Arbitration

Question 1

What are the advantages of arbitration?

Answer 1

• Parties can choose their own arbitrator.
• Cheap
• Hearing specifics can be arranged to suit both parties.
• The procedure used is flexible.
• No publicity.
• Time efficient.

Question 2

What is the advantage of parties being able to choose their own arbitrator?

Answer 2

• Can decide whether the matter is best dealt with by a technical expert, a lawyer, or a professional arbitrator.

Question 3

How is arbitration a cheap method of settling civil disputes?

Answer 3

• If there’s a question of quality, it can be decided by an expert instead of calling expert witnesses.
• Cheaper than going through court.

Question 4

How can the specifics of a hearing be arranged to suit both parties?

Answer 4

• Time and place can both be arranged.

Question 5

How is the procedure used in arbitration flexible?

Answer 5

• Parties can choose that which is most suited to the situation.
• Results in a more informal and relaxed hearing.

Question 6

How is arbitration a time efficient method of settling civil disputes?

Answer 6

• If there’s a question of quality, it can be decided by an expert instead of having to explain the technicalities to the judge.
• More time efficient than going through court.