arbitration
Sign in to savethumb|The London Court of International Arbitration
AI overview
Arbitration is a way to resolve disputes between parties outside of court, where an independent person or panel (called an arbitrator) hears both sides and makes a binding decision. It matters because it offers a faster, more private alternative to traditional lawsuits and is widely used to settle disagreements between individuals, businesses, and even between nations.
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Article
29 sectionsContents
- Advantages and disadvantages
- Arbitrability
- Arbitration agreement
- Comparative law
- Arbitration law and procedure in Singapore
- Arbitration procedures in Italy
- Arbitration procedures in the United States
- Arbitration procedures in South Korea
- Arbitration procedures in North Korea
- International
- History
- Arbitration treaties of 1911–1914
- International agreements
- International enforcement
- Government disputes
- Arbitral tribunal
- Duties of the tribunal
- Arbitral awards
- Challenge
- Costs
- Nomenclature
- History
- England
- United States
- See also
- Notes
- References
- International arbitration
- External links
thumb|The London Court of International Arbitration
Arbitration is a formal method of dispute resolution involving a neutral person or entity who makes a binding decision (commonly called binding arbitration). The neutral third party (the 'arbitrator', 'arbiter' or 'arbitral tribunal') renders the decision in the form of an 'arbitration award'. An arbitration award is legally binding on both sides and enforceable in local courts, unless all parties stipulate that the arbitration process and decision are non-binding.