Reform to provide a solid platform for arbitration as an alternative means of resolving disputes
Author: John Wakefield, Partner and President of the Charted Institute of Arbitrators Australia
16 February 2012
- Dispute Resolution within the court system can take long time, be expensive, is public and is liable to appeal.
- Arbitration can bring significant savings of time and cost, the parties have more control, it is private and less subject to review.
- Australian states are enacting commercial arbitration laws that adopt international best practice.
Click here to read John Wakefield's article from Keeping good companies, where he writes about using Arbitration as an alternative to the court system for resolving disputes.