The Principles And Practice Of International Co... -

The process begins when the claimant files a notice. This is followed by the constitution of the tribunal, usually consisting of one or three arbitrators.

After a merits hearing involving cross-examination, the tribunal issues a "Final Award." This award is final and binding, with very limited grounds for appeal (usually only for procedural unfairness, not for a "wrong" decision). 3. Why Businesses Choose Arbitration The Principles and Practice of International Co...

A typical arbitration follows a structured path, though it is more flexible than a courtroom trial: The process begins when the claimant files a notice