Arbitration is a form of alternative dispute resolution. On choosing this method, the parties agree that their dispute will be settled by a trusted subject. The arbitrator’s decision is final and binding to the parties. In this day and age, arbitration is the most common method when it comes to resolving commercial business disputes between merchants.
Chapter 3 consists of 3 main sections, with the content related to major features as well as legal aspects of arbitration agreement, arbitration proceedings and arbitration decisions.
- Arbitration clauses and agreements
- Arbitration proceedings
- Arbitral awards
We hope that this chapter can provide you with some useful information about arbitration – a typical type of alternative dispute resolution methods. Click on the link below to view the full content of Chapter 3: DOWNLOAD.
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