Questions about Arbitration Alternative Dispute Resolution Flashcards
Why do insurers prefer arbitration to litigation?
It allows disputes to be settled privately by some one who has expertise in the subject of the dispute.
The cost of Arbitration is higher than the cost of Litigation?
True
Once a customer resorted to Arbitration, what is usual for them to do?
Write the insurer, a brief of the dispute, how they would like to see it resolved, names and addresses of the parties, and
Who they think Arbitrator should be or how they should be chosen.
Only one arbitrator but as many as three appointed?
True
One chosen by each party, and third will be chosen as chairman.
True
What’s the problem with choosing two arbitrators?
The possibility of them not agreeing.
What’s arbitration known as?
Tribunal.
Parties must cooperate fully with tribunal?
True
What is tribunal process?
Allowing each party to present case, and respond to opponent case.
Arbitrators have same powers as court in order to do something or not to do something or order specific performance of a contract or rectification?
True
The arbitrators final decision is final on all questions of fact,
True
It’s NOT possible to challenge the findings of the tribunal?
FALSE,,, it is possible but ONLY on specific grounds.
What is the Arbitration Act 1996?
They govern the powers of Arbitrators and the processes to be followed.
What is ADR?
It offers another way of settling disputes without resorting to litigation.
When is ADR most commonly used?
Third party disputes prior to the commencement of legal action.
ADR can also be introduced as part of the litigation process as well?
True