Arbitration: Difference between revisions
imported>Doug Williamson (Add link.) |
(Connect with international trade context. Sources - linked pages, Lexis https://www.lexisnexis.co.uk/legal/glossary/arbitrator and Cornell https://www.law.cornell.edu/wex/arbitrator) |
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Arbitration is the determining of a dispute using an independent arbitrator, rather than the courts. | Arbitration is the determining of a dispute using an independent arbitrator, rather than the courts. | ||
For example, international trade disputes may be the subject of arbitration facilitated through the International Chamber of Commerce's International Court of Arbitration. | |||
In arbitration, the parties to a dispute agree to the appointment of an independent arbitrator, by whose decision they agree to be bound. | |||
It is also possible to appoint a panel of arbitrators, usually three, to work together on a single dispute. | |||
Many arbitrators are legally qualified and experienced, especially in more complex cases. | |||
However, depending on the jurisdiction, this is not necessarily a strict requirement, if the arbitrator are suitably experienced in dispute resolution. | |||
== See also == | == See also == | ||
* [[Amicable Dispute Resolution]] | |||
* [[Arbitration clause]] | * [[Arbitration clause]] | ||
* [[Arbitrator]] | |||
* [[Conciliation]] | * [[Conciliation]] | ||
* [[Court]] | |||
* [[Determination]] | |||
* [[Dispute]] | |||
* [[International Centre for Settlement of Investment Disputes]] | * [[International Centre for Settlement of Investment Disputes]] | ||
* [[International Chamber of Commerce]] (ICC) | |||
* [[International trade]] | |||
* [[Jurisdiction]] | |||
* [[Law]] | * [[Law]] | ||
* [[Litigation]] | * [[Litigation]] | ||
* [[Mediation]] | |||
* [[Nominal]] | * [[Nominal]] | ||
* [[Qualified]] | |||
* [[Settlement]] | |||
* [[World Trade Organization]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
Revision as of 15:44, 26 June 2024
Law.
Arbitration is the determining of a dispute using an independent arbitrator, rather than the courts.
For example, international trade disputes may be the subject of arbitration facilitated through the International Chamber of Commerce's International Court of Arbitration.
In arbitration, the parties to a dispute agree to the appointment of an independent arbitrator, by whose decision they agree to be bound.
It is also possible to appoint a panel of arbitrators, usually three, to work together on a single dispute.
Many arbitrators are legally qualified and experienced, especially in more complex cases.
However, depending on the jurisdiction, this is not necessarily a strict requirement, if the arbitrator are suitably experienced in dispute resolution.
See also
- Amicable Dispute Resolution
- Arbitration clause
- Arbitrator
- Conciliation
- Court
- Determination
- Dispute
- International Centre for Settlement of Investment Disputes
- International Chamber of Commerce (ICC)
- International trade
- Jurisdiction
- Law
- Litigation
- Mediation
- Nominal
- Qualified
- Settlement
- World Trade Organization
