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Arbitration - Coggle Diagram
Arbitration
Cons
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Should a party not agree with the Award, the arbitrator relies on the court of law to enforce the award which eliminants the confidentiality
Due to the finality of the award, a wrong decision cannot be corrected.
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Lesson 2
Litigation
Procedural Law:
Role of presiding officer - Some are impartial judge that conduct fairly with high regard to procedure while others are active in the search for truth
Discovery of evidence - Some countries will use all statements taken under oath while other only allow statements provided in the court room
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Jurisdiction
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In-Personam Jurisdiction - The power a court has over an individual or entity and is based on fairness
A count can only obtain jurisdiction following the correct service procedure and have to ensure that the defendant is aware of the proceedings
Independent third party, who makes a final and binding decision to resolve a commercial dispute.