Tips to Choose Arbitrator from a Dispute Resolution Law Firm

If you need to conduct the best arbitration process, you need to find the best arbitrator. Selecting an arbitrator is one of the crucial decisions you will make when considering arbitration. Typically, parties choose arbitrators who are experienced lawyers. They can take a binding decision that has no right of appeal. That makes them responsible for taking fair and neutral decisions. So, let’s find out what are the essential qualities of an arbitrator or how you can choose a dispute resolution law firm.

Dispute Resolution Law Firm

Commercial arbitration is a private method of dispute resolution which allows parties to choose an arbitrator. It is the most preferred dispute resolution technique as it provides speedy justice. In short, it is better than court proceedings.  An arbitrator listens to each side, helping them take a confidential decision. Parties can choose a sole arbitrator or nominate a member from a three-member tribunal. The role of an arbitrator is not only to pass a ruling but to ensure that the arbitration process is fair, fast and cost-effective. That is why it is a significant process to choose an arbitrator.

An Arbitrator is Independent

Most institutional rules do not provide much guidance concerning the appointment of an arbitrator. However, it is vital to select an independent arbitrator who can make fair decisions. So, find out how to choose an arbitrator from a dispute resolution law firm. 

How To Choose an Arbitrator?

1. Professional - When choosing an arbitrator, you should consider many points. An arbitrator should understand the nature of the dispute. For instance, an arbitrator with an engineering degree can resolve cases in the oil and gas industry. By selecting such a person, you can save time explaining basic concepts and industry-related facts. These tactics may help you achieve a satisfactory result and avoid wasting time.

Besides this, formal legal education is an added advantage when selecting an arbitrator. Legal education and professional expertise go a long way in receiving a sound award. For that, you need to appoint an experienced lawyer with the right demeanour who can understand the features of international commercial arbitration. The appointment of the right arbitrator becomes essential when handling a niche industry. To appoint arbitrators, parties can begin the process by reviewing the CVs of lawyers and taking references to find the best candidate for this position. 


international commercial arbitration

2. Nationality - According to the Dubai International Arbitration Center, a sole arbitrator representing a party cannot have the same nationality as one of the parties. The arbitration institute came into the spotlight when they registered 179 active cases in 2020. Since then, the institute laid out many rules. The institute also recommends that in a three-member tribunal, parties can choose an arbitrator from the same nationality so that one of the members can understand the culture and business practices of the country where the arbitrator comes from.  

3. Workload - Choose a dispute resolution law firm with a limited amount of caseload. If they have a heavy caseload, it can lead to scheduling problems and delay the proceedings to months and weeks. When considering an arbitrator, check with them how much time and attention they can dedicate to their clients.

Dispute arbitration

Well, known lawyers are highly organised and can manage their work well. If you are in search of a speedy process and need a quick resolution, it is better to look for that aspect. However, the goal of arbitration is not to resolve the dispute faster. When looking for a specialized service, it is better to appoint an expert arbitrator best suited to the case , rather than looking for someone who resolves the dispute faster. 

4. Management - A dispute resolution law firm that does not follow strict procedural rules can cause unnecessary delays and increase costs. Arbitration is a flexible process in itself, but when procedural rules are not followed properly, it can lead to disagreements between parties. To avoid that, parties need to ensure they choose a strong arbitrator capable of managing people and caseload. Furthermore, they need a candidate with the right personality, familiarity with the arbitration features and process. An arbitrator is someone who is comfortable dealing with different cultures and legal systems. 

Conclusion 

Typically, there are many ways you can find an ideal arbitrator. Get recommendations from friends and legal experts to find a suitable candidate with all legal expertise today. 

Also, do not hesitate to contact your professional network. If you want to find a versatile firm that specializes in handling a range of dispute resolution matters, contact the best dispute resolution law firms in Sweden.

Location: Sweden

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