Arbitration can either be binding or non-binding. Non-binding arbitration is similar to mediation, however, the main distinction is that a non-binding arbitrator stays totally removed from the settlement process unless a determination of liability is required. As with mediation, arbitration can also be more expeditious and cost effective than court proceedings. Arbitration is governed by rules that are agreed upon in advance. These rules may be customized, also varying from those used in courtrooms.
At CSI, neutrals conduct a hearing where each party and their attorneys present written and oral evidence in a relaxed atmosphere that enhances the ADR process. CSI’s preferred arbitrators are attorneys and retired judges who specialize in a broad range of areas of expertise. The parties may choose to have their case heard by an single neutral or a panel of arbitrators of their choice as well.
Objective neutrals guide the parties through an efficient and fair arbitration process that allows the parties to participate and control the resolution. Neutrals are responsible to the parties, the other participants, and the public for conducting themselves in accordance with the standard Code of Civil Procedure, so as to merit confidence in the arbitration process.
Following the hearing, arbitrator(s) will deliver an opinion which may include an explanation, if requested by either of the parties. The explanation allows the parties to understand the reasons for the decision and thus accept it as the final resolution of the dispute should the arbitration be binding. Allow CSI to help you achieve a favorable settlement to your dispute. Involve CSI Today.