Our energy and experience have been recognised by unbiased international surveys as among the many world’s greatest: Allens has persistently been ranked in Arbitration and Dispute Decision by Chambers Global Guides. 28 (1) The arbitral tribunal should decide the dispute in accordance with the rules of legislation designated by the events as relevant to the substance of the dispute. Arbitration is a mechanism for resolving disputes between traders and brokers, or between brokers. That is especially helpful when the subject matter of the dispute is very technical: arbitrators with an acceptable diploma of expertise (for example, amount surveying expertise, in the case of a construction dispute, or expertise in industrial property law, within the case of a real property dispute 6 ) might be chosen.
If the arbitration is obligatory and binding, the parties waive their rights to access the courts and to have a choose or jury resolve the … Read the rest