“Arbitration is a non-judicial process for the settlement of disputes where an independent third party – an arbitrator – makes a decision that is binding.”
Chartered Institute of Arbitrators
In this non-court alternative method of dispute resolution, an arbitrator, or panel of arbitrators, is appointed by the parties who are involved in the dispute. The parties can agree their own arbitration rules or agree that the arbitration is
The benefit of arbitration is that it can be quicker and less costly than going to court, yet the award is binding and enforceable in many justifications thanks to the New York Convention. This is the difference between arbitration and mediation, where in
Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions.
Choosing the right arbitrator is key, particularly where
With over 40 years’ experience in a wide range of disputes including complex, high-value and international matters, Jonathan Lux of Lux Mediation, is frequently appointed as an arbitrator in complex
The great advantage of Arbitration is that under the New York Convention an Arbitration Award is more widely enforceable than any court judgement.
Contact us to start discussing your arbitration case today.