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arbitration [2016/05/24 16:08]
steve
arbitration [2017/07/30 18:00]
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-====== What is Arbitration?​ ====== 
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-Arbitration is a formal dispute resolution process which is governed by [[legislation]]. 
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-It involves an independent party making a binding decision on the parties in dispute. 
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-The independent party hears [[evidence]] and submissions from the parties. 
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-The independent party makes a decision known as an award. 
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-The award is enforceable in a similar way to a Court order and is binding on both parties ​ 
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-Awards are more effective than Court judgments in that they may be enforced globally subject to some limited exceptions. ​ 
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-For more information about: 
-  * how an arbitrator is appointed [[appointment|click here]]. ​ 
-  * the steps involved in arbitration [[arbitrationsteps|click here]]. ​ 
-  * the advantages of arbitration [[arbitrationadvantages|click here]]. ​ 
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