Arbitration is a true alternative to civil litigation process. Arbitration provides a means to continue the dispute will be resolved in binding. Commercial arbitration is usually initiated by filing a request for arbitration. The party filing the request is called "prosecution." Administrative organization has different rules, but rules of arbitration does not usually provide a default for failure to answer requests. Failure to respond is usually seen as a rejection of the claim. Other party (the "respondent") may file a counter, just as in litigation. Administering organizations often have a relatively high administrative costs. Lawyers may be debating whether the "administration" has given any value, primarily related to costs, but costs must be paid.
Subscribe to:
Comments (Atom)