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What is arbitration?

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تم إضافة السؤال من قبل Fat-hi Aziz Abdel-rahman Mansour , Chairman assistant for Contracts and Tenders , Abu Qir petroleum
تاريخ النشر: 2015/12/13
Ilias Ampatzis
من قبل Ilias Ampatzis

Arbitration is the private, judicial determination of a dispute, by an independent third party.

Gayasuddin Mohammed
من قبل Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Arbitration is one of the Alternate Dispute Resolution method or process to resolve the civil or commercial nature disputes between the parties with their will and interest by appointing the arbitrator as agreed mutually by the parties to the proceedings, is also a Quasi Judicial process.

In India Arbitration proceedings are governed as per Arbitration and Conciliation Act,

My2 cents. Thanks.

 

ALLAM ASLAM
من قبل ALLAM ASLAM , Contracts Administrator (Contracts And Commercial) , QATAR TECHNICAL SERVICES W.L.L.

Arbitration is based on the misbegotten belief that arbitrators will act more effectively and impartially than judges of the national court, overlooking the syndicate within the arbitration system.

المزيد من الأسئلة المماثلة