Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.
In arbitration, a neutral third party serves as a judge who is responsible for resolving the dispute. The arbitrator listens as each side argues its case and presents relevant evidence, then renders a binding decision.
Mediation does not impose a solution and it is not binding until the parties reach and sign a settlement agreement. If a settlement cannot be reached, the parties are welcome to continue with the arbitration process. Unlike an arbitrator, a mediator has no power to decide a dispute.
The most common ADR methods are negotiation, mediation, conciliation, arbitration, and private judging. Negotiation. Negotiation is usually the first approach to take before resorting to other ADR methods. Mediation. Mediation is a type of assisted negotiation. Conciliation. Arbitration. Private Judging. Conclusion.
In arbitration, a neutral third party serves as a judge who is responsible for resolving the dispute. The arbitrator listens as each side argues its case and presents relevant evidence, then renders a binding decision.
In ance with the Georgian Law on Arbitration, an arbitration agreement is an agreement through which the parties commit to resolving either all or specific disputes that have arisen or may arise between them based on various contractual or legal relationships.
If the parties have not appointed any arbitrator(s) and have not provided another method of appointment, then generally the case manager submits a list of potential arbitrators to the parties, who then may strike any names and rank the remaining in order of preference.
Often, the easiest way to present a coherent theme is to state it in a straightforward manner as your introductory sentence: “Ladies and gentlemen, this case is about unfair competition by the defendant.” In other situations, the theme may come out more subtly, as you tell a story that slowly unfolds.
The arbitrator's notes are ultimately the record upon which the arbitrator's memory of the hearing will largely be based. The opening statement should, in a concise clear fashion, outline the “who, what, where, how, and when” of the case.
Closing argument should tell the tribunal what actually happened at the hearing, take account of the full record as the evidence closes, and explain why the position laid out on opening was confirmed and vindicated. There can be no question that cases will develop during a hearing, sometimes substantially so.