WHAT IS ARBITRATION?
Arbitration is one of the private dispute resolution mechanisms that the disputing parties may adopt in resolving their dispute. The outcome of Arbitration is a legally binding and enforceable decision with res judicata effect (i.e. once a dispute has been decided upon, the same parties cannot attempt to raise the issue again by or during further proceedings).
ADVANTAGE OF ARBITRATION
There are many advantages for resolving disputes in Arbitration, for example, disputants can choose their arbitrator, which means they can choose a person with particular and relevant skills and expertise to the substantive issues in the dispute.
Another attractive feature, is that it is private and confidential between the parties and the arbitrator
Moreover, an arbitral award is final and subject to appeal on very limited grounds and within limited time.
As the Principal of CFPM Solutions, I'm a civil engineer and I hold master of laws in construction law and arbitration, I'm a fellow of the Chartered Institute of Arbitrators and a graded arbitrator with the Resolution Institute.
With 20 years experience in time management and resolving delay, disruption and EOT claims, I find it significantly important for a dispute that revolves around time and damages (i.e. delay, disruption, forensic planning, liquidated damages, etc...), that the chosen or appointed arbitrator is well versed with the tricks and traps in the management of time.