CONVENTIONAL ARBITRATION
Advantages you did not even think about !
ADVANTAGES (Added values)
The advantages of Conventional Arbitration as compared to a trial before a State Court of Justice are:
- Choice of the arbitrator according to his competencies and his expertise in a particular field (Judge picking);
- Availability of the arbitrator -vs- availability of the judge;
- Case management and control of deadlines by the arbitrator;
- Rapidity of progress of a file towards a date of hearing on the merits;
- Confidentiality of the hearing -vs- public trial;
- Preservation or improvement of the business relationship with the other party;
- “Don’t wash your dirty linen in public”;
- Confidentiality of documents and strategic information -vs- all availability to the public:
- Detailed tender : Business secret;
- Particular working method : Business secret;
- Fully detailed accounting (profits, impact expenses) : Business secret;
- Particular cases :
- Franchising agreement: Business secret;
- Strategy of marketing : Business secret;
- Industrial secrets;
- Confidentiality of the Arbitration Award;
- Usually, procedural rules and rules of evidence are eased (favours the producing of evidence and of all the evidence);
- Generally, the atmosphere is more relaxed;
- May be less expensive than a trial before a State Court of Justice;
- Particular case of International Arbitration:
- Easiness of execution of the Arbitration Award : (International Treaties specific with the execution of the arbitration decisions);
- Juridical security (? trust in the judicial system of that other country ?).