Simply put, an arbitrator is a private judge. Unlike a regular judge, arbitrators must follow the procedure the parties agree between them.
Arbitration offers flexibility that courts simply cannot offer. For example, both parties can agree that a case, that would have taken a year to come to trial, will be finished in a couple of months. Equally, if the parties cannot decide on the procedure between them, the arbitrator will decide the matter for them.
The courts will enforce the decision of an arbitrator, after an application to the court, just as they would a decision by any other judge.
Unlike most court cases, the arbitration process is conducted in private and the parties can agree that the arbitrator’s decision be kept confidential between them.
To find out how Longmores’ specialist arbitration can help you, please contact us.