Arbitration is generally much affordable than legal litigation and provides for faster resolution through flexible scheduling and simpler rules. Arbitration results are confidential, only made public with the consent of the parties involved.
Arbitration vs Court Litigation:
Arbitration is a non-voluntary alternative dispute resolution process. Unlike mediation, a knowledgeable, independent, and impartial third party is empowered to make a decision. The arbitrator perceives the dispute between one or more parties and after considering all relevant information renders a final decision in favour of one of the parties. Arbitration decisions may be either binding or non-binding, depending on the terms of the arbitration agreement. Binding arbitration decisions may be established by a court and carry the same significance as a court judgment.
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