By Sarachandra Bose

Arbitration is used as one of the alternate dispute resolutions to resolve disputes between parties. It is considered as cost effective and less time consuming, unlike conventional court litigation.

But is it so? I do not think so. Let me quote a recent example in which I was involved. I represented three claimants in arbitration in Dubai involving millions of dirhams. The dispute between the parties started in 2001. Since there was an arbitration clause in the agreement, the Dubai Court appointed a single arbitrator to settle the disputes.

(Read more..)