Understanding the Difference between Single Member Arbitration Panels and Full Arbitration Panels
FAQ & Answers
Q: What is the difference between single member arbitration panel and full arbitration panel?
A: Single member arbitration panels consist of one arbitrator appointed by both parties to resolve the dispute. The arbitrator will make a decision based on the evidence presented and applicable law. Full arbitration panels consist of more than one arbitrator, with each party appointing their own arbitrator and then agreeing on a third, neutral arbitrator. The three-member panel will then come to a decision based on the evidence presented and applicable law.
Q: What are the advantages of single member arbitration panel?
A: Single member arbitration panels are faster and less expensive than full arbitration panels as they require fewer hours of work for all involved. It is also easier to coordinate schedules between parties when there is only one arbitrator instead of multiple members on a panel. In addition, single member arbitration panels offer more flexibility in terms of choosing an appropriate venue or language for proceedings.
Q: What are the disadvantages of single member arbitration panel?
A: One disadvantage of using a single member arbitration panel is that the decision may be perceived as biased or unfair since there is only one person making it. There is also less accountability with a single arbitrator as there cannot be any appeal or review process after their decision has been made.
Q: What are the advantages of full arbitration panel?
A: Full arbitration panels offer a shorter dispute resolution cycle as decisions can be made much faster than if only one arbitrator was present. They also allow for use of industry experts as arbitrators, which can be helpful in certain cases such as patent disputes or other technical matters requiring specialized knowledge. Finally, they provide more accountability since decisions can be appealed or reviewed by other members of the panel if necessary.
Q: What criteria should be considered when choosing an appropriate type of arbitration?
A: When choosing an appropriate type of arbitration, it is important to consider both its merits and demerits in order to make an informed decision about which method would best serve your interests. Additionally, jurisdictional differences should be taken into account when selecting a type of arbitration since different countries may have different rules governing how such matters are conducted.
A single member arbitration panel is the simplest form of arbitration, with only one arbitrator hearing the case. It can provide a cost-effective solution if the dispute is relatively simple and does not require in-depth analysis or lengthy proceedings. However, a full panel arbitration is more appropriate for complex disputes that generate multiple issues and involve a large amount of evidence. This type of panel offers greater credibility, as it allows parties to select multiple arbitrators who may have expertise in different areas related to the dispute. Ultimately, the choice between a single member or full panel arbitration depends on the nature and complexity of the dispute at hand.
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