The objective of the arbitration process is to give a speedy outcome to commercial disputes, with the added benefits of cost-effectiveness, privacy and finality. An arbitrator, while bound by the arbitral process governing the parties’ relationship, in some disputes may have more scope to weigh the business realities of your situation and take them into account in the decision that is made.
However, these advantages can soon become disadvantages if your legal team is not deeply knowledgeable about the arbitral process. Everything from the choice of arbitration framework, the number of arbitrators, composition of the arbitration panel (e.g., lawyers, engineers, industry experts), and the type and volume of evidence and submissions can influence the speed of the process, the costs involved and the outcome.
We’re intimately familiar with the arbitral process
At Collyer Bristow, no matter what your dispute, we can guide you through the arbitral process, navigating the rules and providing practical, commercial advice throughout. Our service includes: