Arbitration Resolution Services to Companies and Businesses in Hong Kong

Arbitration resolution is the most vital process for a legal binding method and to resolve disputes between parties in private way other than public court. An arbitrator plays a pivotal role as he/she is appointed by the disputed parties under an arbitral agreement. Here, he/she has the responsibility of taking right decisions that are issued by the way of an AWARD – at the latest stage of arbitration. Not to mention this award – that is similar kind of judgment from court. The Award is issued by Arbitrator in compliance to certain formats and requirements – that is enforceable in Hong Kong and other countries that are member state of New York Convention like a Court Judgment.

A new arbitration Ordinance came into effect in Hong Kong around June 2011 – by unifying the legislative regimes for domestic and international arbitrations on the basis of the Model Law on International Commercial Arbitration of the United States Commissions on International Trade Law that is also called as Model Law.

Know About the Difference between Arbitration and National Court Litigation

There is a different between arbitration and National Court Litigation and a professional arbitration resolution expert. Court is involved in the case of traditional litigation (as a lawsuit); whereas in arbitration, a settlement between the parties is done outside the court that is far better to help in providing complete peace of mind and resolve the matter successfully.

Don’t forget to keep in mind only civil matters art arbitrable; while litigation can be civil litigation or criminal litigation.

Being a private method, arbitration is the way of resolving dispute between parties. The entire process is kept confidentially. On the contrary, litigation is a public proceedings and anyone can attend court to hear the case.

Not to mention cost of the process that is comparatively lower than the litigation. The decision made by the arbitrator during arbitration resolution is final and binding in nature. Cases of further appeal are seldom. On the contrary- mainly in litigation, the litigants can appeal to higher court.

Dispute parties have their important role that can freely choose the place, date and time for arbitral tribunal. On the other hand, court litigation include parties don’t have their liberty on selection of the date, venue and judge.

For arbitration resolution, all you need to do is search for the right company or an agency that is convenient for you and providing you with complete and precise solutions. Go through the details and you will be able to get the right decision to resolve dispute outside the court.

Make a contact and stay worry-free.

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Created on May 13th 2020 07:06. Viewed 242 times.

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