Pakistan’s first arbitration-focused online platform
Alternate Dispute Resolution refers to several dispute resolution mechanisms which can be utilisied in lieu of conventional litigation proceedings. The primary forms of such alternate dispute resolution mechanisms are arbitration, mediation, conciliation and expert determination. These procedures can be adjudicatory or conciliatory in nature. For instance, arbitration is the resolution of disputes out of court through privately appointed judges (called arbitrators); whereas, mediation is a process whereby a third party facilitates negotiation and settlement talks between disputing parties without rending any binding judgment on the dispute. Owing to the swiftness and low costs of the process, alternate dispute resolution mechanisms are increasingly becoming popular in the commercial disputes arena. Parties generally tend to be wary of going through court proceedings, particularly because such proceedings are lengthy and involve at least two to three stages of appeals.
Got a question?
Initiate a discussion on our forum to get answers and ideas from fellow users and peers