Controlling Time And Cost In Arbitration


Historically many businesses often have chosen to arbitrate business-to-business disputes in a variety of commercial settings including construction, insurance, banking, intellectual property, health care and so forth.

The basic premise of this approach has been to obtain fair, final, timely and cost-effective resolutions to business disputes from arbitrators with more time and expertise than courts usually can provide.

In recent years, however, some in the business community have complained that arbitration of commercial disputes is becoming just as time consuming and costly as litigation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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