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GLOSSARY

Arbitration definition

/蓱藧产瑟藞迟谤别瑟蕛(蓹)苍/

What does Arbitration mean?

Generally, a private form of final and binding dispute resolution by an appointed arbitral tribunal acting in a quasi-judicial manner. Arbitration is, generally, founded on party agreement (the arbitration agreement), and regulated and enforced by national courts.

Unlike other forms of alternative dispute resolution, arbitration is governed by statute: Arbitration Act 1996.

Commercial

Arbitration is a form of alternative dispute resolution in which parties to a dispute submit to the binding decision of a person acting in a judicial manner in private, rather than to a court of law.
Unlike other forms of alternative dispute resolution, arbitration is governed by statute: the Arbitration Act 1996.

Dispute Resolution

Generally, a private form of final and binding dispute resolution by an appointed arbitral tribunal acting in a quasi-judicial manner. Arbitration is, generally, founded on party agreement (the arbitration agreement), and regulated and enforced by national courts.
Unlike other forms of alternative dispute resolution, arbitration is governed by statute: Arbitration Act 1996.

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