A fast, competent and effective tool for resolving commercial disputes.
The Arbitration System
Arbitration is an efficient way to resolve commercial disputes that may arise between parties bound by a contract. Such disputes may concern the conduct of the parties in the execution of the transaction and/or the characteristics of the product.
Through arbitration, the party that believes its rights have been infringed and, conversely, the party that considers it has acted correctly, entrust individuals of their confidence – the arbitrators – whose expertise they acknowledge, with the task of determining where the responsibility lies and the possible extent of any economic damage.
How it works
Each party appoints an arbitrator of its trust
The appointed arbitrators select a third, neutral arbitrator who acts as chair
The arbitration panel examines the dispute on the basis of the contract and market rules
Key strengths of arbitration
- Conciliatory approach
- Speed and simplicity of the procedure
- Reasonable costs
- Prompt enforceability of decisions