Arbitration

What does arbitration entail?

In arbitration, the subject matter expert issues a verdict for a complex problem or conflict based on hearing from both sides. Hearing from both sides, if desired, takes place on-site.

The arbitrator records the outcome of the arbitration in an arbitral award, which is deposited at the court’s registry. Enforcing the decision is straightforward: through a bailiff with minimal court intervention.

If the expertise of an arbitrator is insufficient for the complexity of the issue, a panel of arbitrators is called for. The panel comprises multiple subject matter experts who complement each other in a way that covers the entire issue.

Reasons to choose arbitration

Arbitration is used when there is freedom of choice, a relatively complex dispute, significant (financial) interests, or when a quick, definitive solution is needed. It can also be used for a layered conflict that requires professional assessment by more than one experienced expert with their specific experiences and qualities.

The benefits of Arbitration:

• Arbitration provides conflicting parties with the assurance of a relatively definitive solution within a relatively short time (measured in months rather than years).
• Similar to (non-)binding advice, judgment and subject matter expertise are combined in one person (or multiple individuals in the case of a panel of arbitrators).
• Confidentiality is possible, whereas a judicial procedure is always public.

Do you have a conflict and are you considering arbitration? Or would you like to discuss the possibilities? Feel free to contact us without obligation.