Arbitration is a method aimed at solving conflicts between two or more parties. It functions as
\nan alternative to a judicial process in which a third party, identified as an arbitrator,
\nintervenes to make a decision. The resolution is not a sentence, but a private act called an
\narbitral award.<\/p>\n
Arbitration may be similar to a trial as the parties present their cases, provide evidence for
\ntheir claims, and based on this a decision is agreed upon. However, in this case, the
\nresolution is jointly established by the parties involved, not by a judge.<\/p>\n
> It may be of your interest to read our entry: Advantages of the arbitration service for
\nfirms.<\/p>\n
Different types of arbitration may be convenient depending on the particularities of each
\ncase. An adequate legal advice can orientate you as to the optimal form of arbitration you
\nshould use.<\/p>\n
Aspects of arbitration:<\/strong><\/p>\n 1. Principles:<\/strong> 2. Jurisdiction:<\/strong> 3. Administration:<\/strong> 4. Will of the parties:<\/strong> Mediation is another method that allows the resolution of conflicts without the need to attend At QuAdrans Law and Finance we have arbitrators capable of solving any type of Arbitration is a method aimed at solving conflicts between two or more parties. It functions as an alternative to a judicial process in which a third party, identified as an arbitrator, intervenes to make a decision. The resolution is not a sentence, but a private act called an arbitral award. Arbitration may be similar to […]<\/p>\n","protected":false},"author":4,"featured_media":10498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-10500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbitration"],"yoast_head":"\n
\n\u25cb Equality:
\nThe resolution of any conflict is based on the arbitrator\u2019s knowledge and
\nunderstanding, invariably motivated by his or her sense of fairness.
\n\u25cb Rights:
\nThe arbitrator will resolve the discrepancy based on criteria founded in laws
\nand rules applicable to the contract.<\/p>\n
\n\u25cb National:
\nThe arbitration process is regulated under national law and is subjected to a
\ncountry\u2019s legislation, thus the parties must hold the same nationality.
\n\u25cb International:
\nIt is applicable when the individuals, natural persons or legal entities are
\noriginally from different countries and are thus subjected to independent
\nlegislations.<\/p>\n
\n\u25cb Ad hoc:
\nThere is no institution capable of administering the system. The parties
\nbecome responsible for organizing and acting for the arbitration to proceed.
\n\u25cb Institutional:
\nThe parties handpick a specialized institution to solve the conflict. There is a
\nspecific set of rules and instruments to properly conduct the process.<\/p>\n
\n\u25cb Voluntary:
\nWhen a conflict arises, each of the parts will choose an alternative method to
\nsolve it. They will resort to it voluntarily, willing to reach an agreement.
\n\u25cb Obligatory:
\nThe arbitrator and the conflicts to be solved are determined by the law, given
\nthat this is considered to be the only process capable of solving certain
\nissues.<\/p>\n
\nto court. However, there should be a clear distinction between mediation and arbitration
\nin order to know when either is the optimal approach.<\/p>\n
\ndiscrepancy in a neutral manner without the need to resort to court.<\/p>\n\nLegal and Accounting Consulting in Playa del Carmen<\/h4>\n","protected":false},"excerpt":{"rendered":"