By continuing your visit to this site, you accept the use of cookies. They ensure the proper functioning of our services, analytics tools and display of relevant ads. Learn more about cookies and control them

Not yet registered? Create a OverBlog!

Create my blog

How does arbitration work?

Arbitration involves an independent and impartial person, or persons, making a decision on a dispute. The arbitration process can be used to resolve a wide range of conflicts from workplace to international issues, although many people have only a vague idea of how arbitration works in practice. In this article we look at the different uses of arbitration and its variations in different parts of the world.

How does it work?

A voluntary process Arbitration is a voluntary process, so both sides must agree to the process. While this adds impetus to the achievement of a resolution to the problem, it also demands that both sides in the dispute agree to abide by whatever decision is reached. When arbitration is used Arbitration can often be seen as an alternative to a court of law, and has the benefit of remaining a private process. In many ways this reduces the pressure to appear adversarial and can speed the resolution. There is no swearing of oaths and it is the arbitrator who poses the questions rather than a judge. Industrial disputes It is often used for the settling of industrial or collective bargaining disputes involving trades unions and employers. In the United Kingdom the Advisory, Conciliation and Arbitration Service (ACAS) is the main player in this area. Although it is largely funded by government it is managed by an independent council. Individual disputes Arbitration can be used to resolve smaller scale issues. An employee and employer may opt to use formal arbitration rather than go through the stress and cost of an employment tribunal.

International acceptance

United States In the United States arbitration is also recognised as a way of resolving the kind of issues describes above without the need to resort to litigation. A number of bodies have been formed to carry out this kind of work and to educate potential users of the service in its advantages. International courts Courts of Law in almost all western countries, and many others, will accept arbitrated decisions as binding agreements, although recently some have been challenged in both the US and Europe. American Arbitration Association rules are often used as guidelines for dispute resolution. The recommended process is also taught at aaauonline.org, which offers a range of advice, courses and publications on the subject.

Same category articles Consumer culture

What influences gold and silver prices?

What influences gold and silver prices?

Investing in precious metals, such as gold and silver, has been a popular way of saving money. Many people understand the variations in company share prices, but are ignorant as the factors affecting the price of gold and silver.
The five secrets of self-made millionaires

The five secrets of self-made millionaires

Everyone wants to be a millionaire and everyone wonders how to become one. People keep following self-made millionaires like Warren Buffet, and aping their strategies with little luck. So, what are the secrets of success? How can a self-made millionaire ever make that kind of cash?
How to fix your credit score?

How to fix your credit score?

Before you apply for a mortgage, loan or credit card, you need to take steps to improve your credit history. A poor credit rating can be overcome by correcting mistakes on your credit report and managing your credit obligations differently. There are no quick fixes, but you can reduce the cost of borrowing and increase the likelihood of creditor approval in the future.
Buying guide: ID card holders

Buying guide: ID card holders

PVC ID photo card holders ensure that you hang on to one of the most important essentials that you have. If you want to give a gift to someone who’s a bit of a scatter brain, you won’t go wrong with this. It shows that you have put both thought and effort into choosing it, you could even buy one with a special meaning to them that really shows it’s a personalised gift just for them.