How arbitration can really help you
Arbitration is a private affair held informally between two parties, and is therefore not of public concern. Arbitration proceedings can be kept confidential. We understand that this is particularly important for businesses that are disputing sensitive issues. Arbitration guarantees privacy to the full extent of the law. Parties can avoid public exposure of sensitive business and financial information as well as negative publicity, which also means that they can then continue to have a relationship after the dispute has been resolved.
It saves you time
The process of arbitration is fairly quick and once an arbitrator is selected, the case can be heard almost immediately. The alternative is often slower, more time-consuming and more bureaucratic. The arbitration process is also a lot more instantaneous. Proceedings aren’t passed on and are dealt with swiftly through a sole tribunal. Moreover, the amount of time dedicated to any dispute can be arranged and agreed upon by the parties before going into the dispute, if you cannot afford to wait for a lengthy process. The burdens of any formal dispute are heavy, and arbitration is therefore a way to lighten the load. You can control the process. And we ensure that the management of time and people is done in the best way possible.
It saves you money
Arbitration is not only a speedy process, it is also cost effective because the cost is limited to the arbitrator’s fees and if involved, an attorney’s fees. Even in complex cases, it is more cost-effective to arbitrate. Through its straightforward approach to resolving a dispute, arbitration cuts out the need for numerous stages and formalities, which also means that the extra costs you may have to incur in alternative solutions aren’t there in the first place. We ensure that all our clients receive competitive rates and a high quality of service.
It gives you greater flexibility
Arbitration hearings can usually be scheduled around the needs and availabilities of those involved. Arbitration gives parties the freedom to conduct the proceedings as they desire. Arbitration is as flexible as the parties want it to be. For instance, parties are entitled to agree on main procedural matters, such as whether to conduct arbitration by documentation or by hearings. In summary, the proceedings, timings, scope of price and overall objectives can be manipulated by you, and not by an outside influencer.
The choice of arbitrator is yours
The appointment of an arbitrator or arbitrators must be mutual (by both parties), but you do get to have a choice, rather than not one at all. Arbitration ensures quality. Arbitration avoids the participation of outside influences who aren’t professional, or even adequate for the dispute in hand, by ensuring that the arbitrators chosen are experienced professionals in their relevant line of work. What’s more, our list of skilled and highly qualified national and international arbitration experts is being upgraded all the time, in order to facilitate an ever-changing business landscape – with new opportunities and threats. As mentioned before, the need for additional arbitrators is managed by Takheem.
It’s neutral, impartial, independent
Arbitration proceedings are always neutral. You might think that because of arbitration’s more ‘informal’ style, there is scope for less neutrality, but this isn’t so. In fact, arbitration is based on impartiality and integrity only. Were it not, it would not exist, and it would not be one the business world’s most effective ways of dealing with both professional and sometimes personal disputes. Arbitration was developed out of a necessity, and we are purveyors of that need. Our arbitrators are trained and well versed in law. They are absolutely neutral, because anything else simply will not do.