2. Introduction
Arbitration is a form of Alternative
Dispute Resolution (ADR)that is
gaining popularity.This presentation
will explore the different types of
arbitration and their applications.
3. What isArbitration?
Arbitration is a process where parties
agree to have their dispute resolved by
a neutral third party.The arbitrator
listens to both sides and makes a
binding decision. It is less formal than
litigation and can be quicker and less
expensive.
4. Types of Arbitration
There are two types of arbitration:ad
hoc and institutional.Ad hoc
arbitration is an informal process where
the parties agree on the arbitrator and
the rules.Institutional arbitration is a
more formal process where an
institution provides the rules and the
arbitrator.
5. Applications of Arbitration
Arbitration is commonly used in international
disputes,construction disputes,and
employment disputes.It can also be used in
consumer disputes and family law disputes. It
is often preferred to litigation because it is
confidential and less adversarial.
6. Advantages of Arbitration
Arbitration has several advantages
over litigation,including:
confidentiality,speed,cost-
effectiveness,flexibility,and
expertise.Parties can choose an
arbitrator with specialized
knowledge in the subject matter of
the dispute.
7. Conclusion
Arbitration is a valuable tool for resolving disputes. It offers
parties a flexible, confidential, and cost-effective alternative
to litigation. By understanding the different types of
arbitration and their applications, parties can make an
informed decision about whether to use this form of ADR.
8. Thanks!
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