The Appropiateness Of Arbitration

Question 1

What are disputes suitable for arbitration?

Answer 1

• disputes in which the parties have agreed to arbitrate the dispute, or the claim is less than 10k, and has been issued in the magistrates court.
• disputes in high the parties want the benefit of a binding and enforceable decision of a third party.

Question 2

Strengths of arbitration

Answer 2

• The decision is binding and enforceable through courts
• The arbitrator is generally an expert in the dispute
• It can be timely as there is flexibility in the process

Question 3

Weaknesses of arbitration?

Answer 3

• Arbitration can be formal of the parties have asked for formal arbitration
• the parties have no control over the outcome, which will be imposed on them by the arbitrator.
• the right to appeal is limited.