Expertises > Conflict Resolution > Conciliation with an institution or organization

CIVIL AND COMMERCIAL ARBITRATION

Civil and commercial arbitration is a private method of dispute resolution.

What Is Arbitration?

Arbitration is a dispute resolution process in which one or more arbitrators, chosen by the parties to the dispute or appointed by an arbitration institution, render a decision that is binding on the parties. Unlike court proceedings, arbitration is intended to provide a faster, confidential and often less costly method of resolving disputes.

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How Does Arbitration Work?

  1. Arbitration Agreement: It all begins with an agreement between the parties to submit their dispute to arbitration. This agreement may be included in an existing contract or entered into after the dispute arises.
  2. Selection of Arbitrators: Depending on the agreed-upon terms, the parties select one or more neutral arbitrators with expertise in the relevant field.
  3. Arbitration Proceedings: The parties, assisted by their arbitrators, establish the schedule and procedural rules for the arbitration. They then present their evidence and arguments.
  4. Arbitral Award: After reviewing the information and evidence presented by the parties, the arbitrators issue a final decision, known as an arbitral award, which is binding and enforceable.

Advantages of Arbitration

  • Confidentiality: Arbitration proceedings and decisions are not public, providing a high level of confidentiality.
  • Speed: Arbitration can often resolve disputes more quickly than court proceedings.
  • Expertise: The parties can choose arbitrators with specific expertise in the relevant field.
  • Flexibility: Procedural rules can be adapted to the needs of the parties.
  • Enforceability: Arbitral awards are recognized and enforceable in many countries around the world.

 

How Do You Initiate Arbitration Proceedings?

If you wish to initiate arbitration proceedings, please contact us through our contact form. We will provide you with detailed information on the steps to follow and how to prepare your case for arbitration.

For any questions or additional information regarding arbitration, please do not hesitate to contact me.