Parties often seek to resolve disputes through arbitration because of a number of perceived potential advantages over judicial proceedings. Companies often require arbitration with their customers, but prefer the … See more

By their nature, the subject matter of some disputes is not capable of arbitration. In general, two groups of legal procedures cannot be subjected to arbitration:
• Procedures … See more

Nations regulate arbitration through a variety of laws. The main body of law applicable to arbitration is normally contained either in … See more

The arbitrators which determine the outcome of the dispute are called the arbitral tribunal. The composition of the arbitral tribunal can vary enormously, with either a sole arbitrator sitting, two or more arbitrators, with or without a chairman or umpire, and various … See more

Arbitration agreements are generally divided into two types:
• Agreements which provide that, if a dispute should arise, it will be resolved by arbitration. These … See more

History
The United States and Great Britain were pioneers in the use of arbitration to resolve their differences. It … See more

The definition of Arbitral Award given in sec 2(1)(c) is clearly not exhaustive. It merely points out that an Arbitral Award includes both a final award and an interim award. Although arbitration awards are characteristically an award of damages against a party, in … See more