Introduction:

Arbitration, in a nutshell, is a form of alternative dispute resolution in which the parties approach a third party for the hearing of the dispute, the weighing of evidence and the making of a binding and final award. This is considered an alternative to the traditional dispute resolution process: litigation in a court of law. Arbitrations are governed by the Arbitration Act 42 of 1965 (“Arbitration Act”). So why would parties choose this process over the courts?

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Written by Patrick Wainwright, BKM Attorneys