Cards (4)

  • Advantages: Quicker and cheaper
    One advantage of arbitration is that the dispute will be resolved more quickly than through a court hearing as a date for arbitration can be obtained earlier than a date for court. It is also usually a lot less expensive and cheaper than the courts and more practical to prepare for. If arbitration is done through writing, then witnesses don't have to travel and take time off work etc. Face-to-Face arbitration doesn't always require expert witnesses as the arbitrator who is usually an expert in the field can deal with it.
  • Advantage: Confidentiality and relationships may be preserved
    Another advantage of arbitration is that it is a private process and can a confidential one and therefore no publicity. Parties rarely welcome the publicity that comes with court proceedings. It also means bad feelings is more likely to be avoided between the parties. This is particularly the case with sensitive projects or where serious allegations of poor performance are being made. Therefore , it can mean relationships are preserved. For example, companies can continue to do business with each other in the future.
  • Advantage: Party autonomy and flexibility
    Another advantage of arbitration is that it gives parties a significant degree of autonomy and flexibility in resolving their disputes which they would not otherwise have, through litigation (going to court). This will be seen by many as a significant advantage as it allows the parties to tailor the agreed method of dispute resolution to their individual commercial and practical needs.
  • Advantage: Party autonomy and flexibility
    The time and place if the hearing can be decided by the parties to suit their needs and working commitments, unlike court where such control by the parties is not possible so more practical.