What is Arbitration?
Arbitration is a non-judicial process for the settlement of disputes where an independent third party - an arbitrator - makes a decision that is binding.
The role of an arbitrator is similar to that of a judge, though the procedures can be less formal and an arbitrator is usually an expert in their own right.
The are many advantages to arbitration:
How does it work?
A decision is reached by an arbitrator, either on a documents only basis, or following hearings that take place at an agreed venue.
For a dispute to be referred to arbitration either:
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