Discussion Forum

The purpose of arbitration

The purpose of arbitration

by Sumaiya Tamim -
Number of replies: 0

Arbitration is particularly useful for resolving disputes related to property transactions, construction contracts, lease agreements, and other related matters. It allows parties to address conflicts effectively without the extended delays and high costs often associated with court litigation. Given the complexity and technical nature of real estate disputes, arbitration's reliance on expert decision-makers is especially advantageous.

Overall, arbitration provides a pragmatic and efficient alternative to litigation, offering benefits of speed, cost savings, confidentiality, expertise, and enforceability that are highly valued in both commercial and legal contexts.