An arbitrator’s job is essentially to act like a private judge, but in a more flexible and informal setting than a courtroom. In the UK, arbitration is often used in commercial disputes because it’s quicker and more confidential.
Both sides present their case
This might include written statements, documents, witness evidence, and sometimes a hearing where each side gets to argue their position. The arbitrator listens to everything and makes sure the process stays fair. When it comes to actually making the decision, the arbitrator looks at the evidence and the terms of any contract between the parties. A lot of disputes come down to what was agreed in writing, so the wording of contracts can be really important. Unlike a judge, an arbitrator has more flexibility in how they handle things, but they still have to follow the rules set out, and any procedure the parties agreed to at the start.
What else should I know?
Although arbitration is private, the final decision is still recognised and enforced by law. If you require help from professionals at a London law firm, you can get in touch online. A London law firm can handle matters with expertise. People needing legal help in the UK will benefit too, thanks to a monetary input from the government.
What is the award?
After reviewing everything, the arbitrator makes a decision called an award. This is usually in writing and explains who has won and why. It can also include orders, like one party having to pay money or cover costs. Arbitration decisions are binding.