Arbitration

Arbitration as an alternative to the courtroom

Conflicts between parties can escalate significantly. If you cannot resolve the matter together, going to court often seems unavoidable. However, that is not always the fastest or most efficient route. Arbitration is a powerful alternative where speed, expertise, and discretion are central.

What is arbitration?

Arbitration is a form of dispute resolution outside the court system. Parties agree that an independent arbitrator will assess their conflict and provide a binding decision. This can be specified in contracts or general terms and conditions beforehand, but arbitration can also be chosen during an ongoing conflict.

How does it work?

In arbitration, parties enter into an arbitration agreement. This outlines who the arbitrator is, how the costs are divided, and which questions are submitted to the arbitrator. There is also the option to choose a recognized arbitration institution, which is common in the construction sector. The legal rules surrounding arbitration and the recognition of arbitral awards provide a clear legal basis.

Benefits and considerations

A significant advantage of arbitration is speed: you often reach a decision much faster than through the courts. You can also choose an arbitrator with specific expertise, which enhances the quality of the ruling. However, keep in mind that arbitration incurs costs. Arbitrators typically work on an hourly basis, and legal assistance is often necessary.

Expertise of BG.legal

The litigation attorneys at BG.legal have extensive experience with arbitration procedures. They support you from start to finish, focusing on both the content of the dispute and the strategic interests of your business.

Contact us

Are you dealing with a business conflict and considering arbitration? Contact BG.legal. We are happy to discuss the best approach for your situation.