The Role of Arbitration Council in Resolving Disputes

Introduction:

Arbitration is a process of resolving disputes between two parties without taking the case to the court. In this process, a third party, known as the arbitrator, listens to both sides and makes a binding decision. The role of the arbitration council is crucial in conducting the arbitration process. The council ensures that the process remains fair, transparent, and impartial. In this article, we will discuss the role of the arbitration council in resolving disputes.

The Role of Arbitration Council:

The role of the arbitration council is to conduct an arbitration in a fair and neutral manner. It ensures that the arbitration process is conducted in accordance with the laws applicable in the jurisdiction. The council appoints the arbitrators and decides the venue and rules for arbitration. The arbitration council also has the responsibility of ensuring that the arbitration proceedings are conducted in accordance with the principles of natural justice. The parties are given an opportunity to present their case, and the arbitrator makes a decision based on the evidence presented before him. The council ensures that the final decision is binding and enforceable.

The Advantages of Arbitration:

One of the key advantages of arbitration is that it is a faster and less expensive method of resolving disputes. The process is conducted in a private setting, which ensures that the dispute remains confidential. This is particularly important for disputes involving intellectual property rights, where a public trial can have a significant impact on the parties involved. The decision taken by the arbitrator is also final and binding, which means that there is no room for appeals or further legal proceedings. This provides the parties with certainty and closure, allowing them to move on from the dispute.

Conclusion:

In conclusion, the role of the arbitration council is critical in resolving disputes through the process of arbitration. The council ensures that the process remains impartial, transparent and binding. It also provides a confidential setting for resolving disputes, which is particularly important for disputes involving intellectual property rights. The process is faster and less expensive than traditional court proceedings, which provides the parties with a cost-effective alternative for resolving disputes.