Flashcards

arbitration

sophia.stapleton Inglês 5 flashcards

Flashcards do conjunto (5)

1What are the advantages of arbitration?Arbitrators can have expertise
Parties retain a measure of control
Can vary the formality of proceedings
Private
Decision is final
May be cheaper
2What are the disadvantages of arbitration?Parties can be obstructive to the appointment of a tribunal
Difficult to find individuals better qualified than High Court judges
Arbitrators charge fees at commercial rates
Works best when it is only two parties
No powers on third parties
Weak powers to impose sanctions
Not necessarily cheaper
Unless granted by parties, cannot grant interim injunctions
3What are the principles of arbitration law?1. The fair resolution of disputes by an impartial tribunal without unnecessary delay or expense
2. party autonomy
3. limited court interference (light supervision)
4. privacy
5. neutral location
6. parties are free to agree how disputes are resolved
4What are the different types of arbitration?institutional arbitration
ad hoc arbitration
statutory arbitration
consumer arbitration
non-binding arbitration
Med-arb
Family arbitration
5What is the role of a legal representative within an arbitration?Advice on arbitration clause
Reference of dispute to arbitration
Defining the issues
Putting together the case
Hearings

Descrição: FlashCards sobre arbitration, criado por sophia.stapleton em 01-12-2014.
Criado por: sophia.stapleton
Visualizações: 14
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