Legal Observer, SoftSettle Support
So
arbitration can claim to be a voluntary form of binding dispute resolution
before party-appointed arbitrators. But in what respects arbitration is
distinguishable comparatively.
You
have started nursing doubts about litigation whether it would sincerely address
the business people by redressing their issues used to crop up in between and
among the business people in their mutual deals. Litigation is subject
to strict rules imposed by law governing the conduct of the proceeding, such as
the formal rules of evidence. With
the globalisation took its momentum, world had started witnessing some
alternative modes of dispute resolution taking guard of settling disputes in
case people are fed up with the traditional dispute resolution like court
litigation. Why they are concerned? They are concerned over the time and money.
They are concerned over the fairness and efficiency of the process. They are
concerned over the confidentiality of the process. More than everything
litigation opens the doors for appeal. Hence there should be an alternative to
court litigation.
Online
arbitration powered by the platform MEDIATOR AFFAIR is a private
process whereby parties work with a neutral third party to hear both sides and
make a final and binding decision, using agreed-upon rules governing how the
process will work.
Arbitration provides many advantages over litigation, but online arbitration has additional
benefits allowing parties to further reduce costs and increase
efficiency.
Speed
and flexibility, finality and confidentiality are the potential advantages to
arbitrating instead of litigating. Parties in court are bound to abide by the
procedural rules leading to unnecessary delay and expense. Finality facilitates
expedition of the process so far as there is no higher court to correct
arbitrator’s findings. As far confidentiality is to be emphasized, parties to
an arbitration can agree that the process and results shall be confidential.
Further parties are left with the freedom of choice of Arbitrator or Arbitral
institution to preside and resolve the cases.
These
features are being adapted and accepted by MEDIATOR AFFAIR to bring a fair,
fast and efficient online arbitration process to the business community as a
whole. The online arbitration platform facilitates the issues are handled
through online devices rather than multiple
hearings, subpoenas, depositions, interrogatories and the like. And, the strict
rules of evidence don’t apply.
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