Resolution of disputes outside the scope of formal legal system may be called as alternative dispute resolution system. Arbitration, conciliation, mediation and negotiation are the means of alternative dispute resolution system. Today, when a number of litigation are pending before the court arbitration proved as a method of fast disposal.
SUBJECT MATTER OF ARBITRATION:-
- Any commercial matter including an action in tort if it arises out of or relates to a contract.
- Employment matters
- Consumer matters
Matrimonial matters, criminal matters, insolvency matters or commercial court matters are not referred to arbitration tribunal.
The decision made by arbitration tribunal is arbitrator award, which may include:
- Payment of a sum of money
- Order a party to do or refrain from doing something
- To order specific performance of a contract
Arbitration is a legal method for the settlement of disputes outside the courts, where the parties refer their disputes to one or more persons, whose decision will be final and binding. There are some rights of review and appeal against arbitrator award which is governed by Arbitration and Conciliation Act 1996.
Barahami Legal Services provides alternative disputes resolution services by the way of arbitration.