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Arbitration

Arbitration is a process controlled by the parties, but one which provides a dispute resolution mechanism most like a court.

Arbitration

Listening to both sides of the argument

An arbitrator has statutory powers to prescribe a timetable for the arbitration process, to cap recoverable costs and to progress a case in the face of an uncooperative party. 

In order for an arbitrator to have jurisdiction to settle a dispute, there needs to be an arbitration agreement. This is frequently an existing contractual provision, but where that does not exist, an arbitration agreement can be put in place between the parties at any time. 

The benefits of arbitration are: 

  • The parties can establish the procedures to follow 
  • For more straight forward matters, it can proceed by way of written representations, avoiding the cost of a hearing 
  • Recoverable costs can be capped 
  • The arbitrator is experienced in the field 
  • The process is confidential, unlike a court 
  • The outcome is binding on the parties

A suite of services

For cost-effective resolutions

At GSC Grays, we believe that there is scope for more widespread use of arbitration as a way of providing a cost-effective and specialist means of resolving your dispute, based upon the evidence which you make available. 

We have developed a suite of arbitration services with fixed procedures, timescales and fees. These mean that you can obtain a binding resolution to your dispute with greater certainty over timescales and costs. These will provide a binding outcome in as little as 10 weeks, depending on the service provided. 

For simple issues where there are known positions and a binding determination is required more quickly the 3 month timeframe could be compressed further. 

For more complex matters, a conventional approach can be adopted where bespoke procedures are agreed between the parties. 

Request a call back

To speak to someone from our Dispute Resolution team about your requirements, please complete the enquiry form or call your local GSC Grays office. One of our team will be in touch to discuss how we can help.

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