Arbitration A03 Flashcards
How is arbitration cheaper and quicker than going to court?
Arbitration is typically less expensive and faster than going through the formal court process.
Why is arbitration considered private?
Arbitration is private, meaning disputes are not made public, which is appealing for businesses that want to keep matters confidential.
How is the arbitrator chosen in arbitration?
The parties involved in the dispute choose the arbitrator and decide when and how the dispute will be heard at a mutually convenient time.
Why is it an advantage to choose an arbitrator with expertise?
The parties can select an arbitrator with specific expertise relevant to the dispute, ensuring a more informed decision.
Is legal aid available for arbitration cases?
No, legal aid is not available for arbitration cases, which can make it less accessible for some parties.
What types of legal issues may not be suitable for arbitration?
Some cases may involve legal issues that are too complex or require a judge’s interpretation, making them unsuitable for arbitration.
What happens if arbitration does not work?
If arbitration fails, the parties may be forced to resort to court, which can be costly and time-consuming.
How is the enforcement of an arbitration decision different from a court decision?
Arbitration decisions do not have the same enforcement power as court judgments and may not always be enforceable in the same way.
Is it easy to appeal an arbitration decision?
No, appeals in arbitration are rare and difficult, and there are limited routes of appeal available.
Can arbitration be expensive?
While arbitration is often cheaper than court, it can still be expensive, especially if a complex dispute requires an expert arbitrator.
Why might there be delays in arbitration?
There can be delays in obtaining an arbitrator and scheduling a mutually convenient date for the hearing.
