What does Arbitration mean?
The use of an arbitrator to settle a dispute; a more formal process than mediation where the third party makes a binding decision.
When mediation failed, the case was sent to binding arbitration for a final decision.
Arbitration in German, French, Spanish and Italian
GermanSchiedsverfahren
also Arbitrage
Verbindliche Entscheidung eines Rechtsstreits durch ein Schiedsgericht.
Frencharbitrage
Mode de règlement des litiges par un tribunal privé choisi par les parties.
Spanisharbitraje
Resolución de conflictos mediante el dictamen de un tercero neutral.
Italianarbitrato
Metodo di risoluzione delle liti tramite un lodo vincolante.
Common phrases with Arbitration
- binding arbitration
- final decision arbitration
- sent to arbitration