Arbitration, Adjudication, Dispute Board & Mediation
number of days: 2
This course enables the students to understand the meaning of Arbitration and the various types available for settling disputes. Settlement of a dispute (whether of fact, law, or procedure) between parties to a contract by a neutral third party (the arbitrator) without resorting to court action. Arbitration is usually voluntary but sometimes it is required by law. If both sides agree to be bound by the arbitrator's decision (the 'award') it becomes a binding arbitration. The exact procedure to be followed (if not included in the contract under dispute) is governed usually by a country's arbitration laws, or by the arbitration rules prescribed by the International Chamber Of Commerce (ICC).
- Arbitration expert and how to select he right one for you.
- Judicial Arbitration, its definition and the way it works.
- Dispute Resolution Council, the definition and the way it works.
- The principles and methods to mediate between the parties to the dispute.
- Legally binding decisions or lack thereof within the different styles.
- Workshops and exchange of roles.
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