Arbitration
Arbitration is a contract-based form of settling a commercial dispute and here at Tenet, we help you to resolve your matter, in a cost-effective way, that best suits you.
Arbitration Expertise
Many clients will include an Arbitration clause when entering into their business contracts (mainly to try to keep company matters out of court). Arbitration, as a type of Negotiated Dispute Resolution (‘NDR’) (also known as ‘ADR’ – Alternative Dispute Resolution) is a popular choice for organisations everywhere.
When disputes arise, it can be difficult to know if Arbitration is the most appropriate way forward. With our extensive experience and knowledge of the legal framework, we can make the decision process easier and provide you with the answers you need. Our team of lawyers can provide end to end support, with clear communication and total transparency throughout the process. We can help you minimise confusion, assess your situation quickly and provide you with straightforward advice to help you make the best decision for your circumstances.
We represent both claimants and respondents and can service all values of work, including those claims where resource and cost may be problematic.
Advantages of Arbitration:
- The neutrality of the forum
- The flexibility of the process
- The ability to appoint your own Arbitral Tribunal
- The increased confidentiality (in trying to keep private business information away from the courts /
public domain) - The final / binding nature of the Award (equivalent to a ‘Judgment’ in Litigation)
- The enforcement process is often quicker and easier (e.g. New York Convention)
Examples of cases we have assisted our clients resolve are:
- Our team have experience of handling a wide variety of domestic and international Arbitration cases, on complex, multi-jurisdictional matters.
- We represent both claimants and respondents and can service all values of work, including those claims where resource and cost may be problematic.
- Our lawyers bring together experience from a variety of sectors including shipping, finance, manufacturing and engineering.
- We act under the rules of major Arbitration Institutions, including ICC, LCIA, LMAA and UNCITRAL, etc.
Irrespective of the complexity of the claim we can support you at every stage. From drafting contracts, ascertaining the ‘seat’ of Arbitration and advising on law/procedures, right the way through to initiating settlement, and organising any Arbitration hearings, award challenges, enforcement and more. Our global contacts across the legal sector can provide additional support if legal advice is required outside of Tenet’s jurisdiction.
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