Practice
Arbitration
— Arbitration is a private justice.
1
Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. There are limited rights of review and appeal of arbitration awards.
2
Advantages of arbitration: Businesses choose arbitration over litigation because of its neutrality, finality, enforceability, procedural flexibility, and the ability to choose the arbitrators.
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