Arbitration Flashcards
What is arbitration?
A private, confidential process in which both parties agree to let their dispute be settled by a neutral arbitrator or a panel of arbitrators
Arbitration Act 1996
Arbitration requires the supervisory support of the court system
Arbitration requires the supervisory support of the court system
Arbitration Act 1996
Who settles the dispute in arbitration?
A neutral arbitrator or a panel of arbitrators
The neutral arbitrator or panel of arbitrators will usually have experience in what?
The field of the dispute
Scott and Avery clause
Contracting parties agree to attempt to resolve their disputes via arbitration before requesting the assistance of a court
Contracting parties agree to attempt to resolve their disputes via arbitration before requesting the assistance of a court
Scott and Avery clause
Civil court advantages
- Judge is neutral and independent
- Access to well-educated and fair legal experts
- Outcomes are legally binding
- Better access to legal aid
- Compulsory process
- Ensures that a judge with the correct level of experience makes the decision
- Better appeals process
Civil court disadvantages
- Can damage future relations between parties
- Richer parties can afford better and more experienced lawyers
- Serious time delays to decision-making. Preliminary courses add to length of case
- Expensive
- ADR more experienced with less serious matters