Arbitration panel
Arbitration is a private, contractual form of dispute resolution. It provides for the determination of disputes by a third party arbitrator or arbitration panel, selected by the parties to the dispute. Disputes are resolved based on material facts, documents and relevant principles of law.
Arbitration proceeds in a similar way to litigation, with the submission evidence to a single decision maker (the arbitrator) or an arbitration panel. Their decision is final and legally binding.
An arbitration panel, also known as an arbitral tribunal, can be formed to oversee and determine the outcome of an arbitration hearing. The parties to the dispute are typically able to decide the number of arbitrators that will sit on the panel, or it may be specified in the contract clause that sets out the agreement to use arbitration as a means of resolving disputes.
Arbitration panels can also be appointed by an external party such as the court or an individual/body that has been nominated by both parties to the dispute.
It is common for an arbitration panel to consist of three arbitrators. Each party appoints one arbitrator and they both appoint a third to act as the chairman, to cast deciding votes, and so on.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
From Chaucer to Fawlty Towers.
Electrotechnical excellence, now open for entries.
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
New project and cultural district described in detail.
The nature of EPCs, crticism and inaccuracies.
History, issues and redesign.
From waste recycling to energy performance the hierchy.
An introduction to WERCS and WEEE responsibilities
Dealing with 2 million tonnes of waste equipment a year.
Global BACS Market: analytics and optimisation
A BSRIA glance at building automation and control systems.
What it is and how to use it.
Types of insulating plaster by binder and insulant.
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.