Glossary
- Ad Hoc Arbitration
- Arbitration proceedings which are not administered by an arbitration institution.
- Adjudication
- A contractual or statutory process of dispute resolution wherein a decision to resolve a dispute is made by an independent and impartial third-party.
- Adjudicator
- An individual vested with the authority to make an official decision on a matter in dispute.
- Alternative Dispute Resolution
- A general term encompassing the different methods of resolving a dispute without resorting to litigation.
- Arbitration
- A type of alternative dispute resolution.
- Arbitrator
An individual (usually an attorney or expert in a relevant field) selected to hear and settle an arbitration dispute.
- Arbitration Agreement
An agreement between two or more parties to submit a dispute to be resolved by means of arbitration.
- Annulment of Arbitral Award
The act of setting aside an arbitral award.
- Arbitration Cost
The total costs associated with conducting arbitration proceedings. Such costs may include the fees of the arbitral tribunal, administration fees and expenses of the arbitration institution, legal fees and all other costs and expenses that may arise during arbitration proceedings.
- Arbitration Institution
A specialised arbitration institution that hosts arbitration proceedings and provides administration services aimed at facilitating arbitration disputes.
- Arbitral Tribunal
A panel of individuals appointed to facilitate and issue a binding decision in arbitration proceedings.
- Asymmetrical clause
- Clause which is being used to give only one party the power to initiate arbitration by derogation from the more common case that both parties can initiate arbitration.