Tips to Choose an Arbitrator for Arbitration Resolution

Arbitration is one of the dispute resolution methods used by individuals to resolve their disagreements. It is an effective method of dispute resolution where an arbitrator listens to every side before pronouncing an award. For this, an arbitration tribunal is permitted to adopt various practices suitable to reach the conclusion. Arbitration is one of the quick and cheap methods of dispute resolution techniques. Generally, parties choose arbitration because it is the private form of dispute resolution technique. 

Over the years, the International commercial dispute resolution method has become a leading method of resolving disputes. It is a form of dispute resolution method for international commercial agreements and international trade agreements. 

The SCC registered a total of 213 cases in 2020 which was higher than in 2019. It also indicated a strong share of women arbitrators appointed that year. In a nutshell, arbitration is one of the effective tools for dispute resolution. It offers more flexibility to parties in terms of the selection of arbitrators and the way they want to conduct the proceedings. 

Who is an Arbitrator?

Parties hand over the rights to take the decision to an arbitrator who can take a final and binding decision. An arbitration tribunal may have one to three arbitrators.

An arbitrator is an important person in the dispute resolution process. He/she is someone who is the decision-maker and resolves disagreements between the parties. Knowing the role and responsibilities of an arbitrator will help you understand arbitration in a better way to decide why to choose arbitration. This blog will tell you how to choose an arbitrator for arbitration resolution. 

Selecting an arbitrator is one of the first methods of dispute resolution. It is important to choose an arbitration tribunal carefully as the parties have no right to appeal. Ensure that the arbitrator you select has a wide variety of industry knowledge to render an enforceable award. Some of the qualities of the best arbitrator are honesty and the capability to take a fair and independent decision. 

How to Choose an Arbitrator?

1. Multitask - For an efficient arbitration process, ensure to find an arbitrator capable of running the arbitration process in the best possible manner. It is essential for an arbitrator to have good management skills and know how to deal with people from different cultures. 

2. Nationality - According to the Dubai International Arbitration Centre, the arbitrator of the same nationality as one of the parties cannot have the same nationality as one of the parties. To avoid any bias, the arbitrator is required to have a good understanding of the culture of people involved in arbitration and the know-how of the business.

3. Experience - Choose an arbitrator with a considerable amount of experience and expertise in specific areas of life like engineering, administration or construction to get the best results. An arbitrator should have a fair amount of legal experience and education to resolve complex matters.  

4. Time - It is important to understand the caseload of an arbitrator to see how much time he could devote to your case. An arbitrator should be able to devote time and attention to the parties once he is selected for the case.  For speedy case resolution, it is better to appoint someone who can devote time and energy to your case, rather than delaying proceedings. 

Choose Sweden for Dispute Resolution

Sweden is among a few places on the earth for seeking dispute resolution on challenging cases. It is perceived as an arbitration friendly and neutral jurisdiction for parties seeking case resolutions. Commercial arbitration in Sweden has been an obvious choice for parties over the few years as several lawyers have experience in dealing with a variety of international trade and commerce cases. 

Conclusion 

If you need to go through the arbitration route for resolving a case,  you need to partner with a firm that can act as an arbitrator as well as come up with the best strategies to resolve cases. For the best representation before the tribunal and other techniques for dispute resolution, get in touch with Rattsakuten. Contact us today.