Private Arbitration

From a practical perspective, arbitration is the investigation and determination of matters of difference between contending parties, by a neutral third party called the ''Arbitrator''. Arbitration is either compulsory or consensual in nature. It is compulsory when it is enforced by statutory provisions of the law. It is consensual when arbitration takes place by mutual and free consent of the parties. We offer Ad hoc, or case-by-case, arbitration services under the auspices of the UNCITRAL Arbitration Rules, which may be adapted to suit the procedural needs of the parties and the circumstances of their case.

  • Category: Private Interventions
  • Service Length: 01:00 Hours
  • Address: Online and in-person
  • Price:Please request a quotation
 

Description

Application

Parties can agree in advance on the use of arbitration as an appropriate dispute resolution method, simply by including an arbitration clause in their contract. Where a contentious dispute has already arisen, the parties may still agree to resort to arbitration as a fair, effective and economical alternative to a time consuming and expensive court process. Once the arbitration award is rendered, it is final and binding on the parties and has, when homologated or confirmed, the same form and effect as a Superior or High court judgement.

Arbitration offers many advantages, including the following:

  • Easy access to a private, independent and impartial quasi-judicial tribunal;
  • Provides parties with a principled, proportional and well-ordered forum in which to debate important questions of law and fact;
  • Where circumstances permit and parties agree, it provides an opportunity to settle the matter by way of conciliation, held during a settlement conference or arbitral hearing;
  • Provides a fair, effective and affordable method for terminating a dispute by way of a final and binding decision;
  • Constitutes a well tried and tested logical and economical alternative to traditional court proceedings.

To view the latest Arbitration Rules for the Determination of Disputes, please visit the Policies and Rules section of our website.

You may obtain more information and booking assistance from:

Praxis Forum Secretariat

Telephone: (514) 569-9238

Internet: http://www.praxis-forum.com 

E-mail: secretariat@praxis-forum.com