What is Arbitration?
What is Armistice – What is Arbitration?
- Armistice is an online platform providing access to a panel of Arbitrators as set out on the Arbitration Panel tab of the website
- Arbitration is a binding alternative dispute resolution mechanism.
- Each party comes together to agree to be bound by the determination the arbitrator
How does it work?
- Parties can apply through Armistice to schedule a hearing or use the platform to case manage their dispute.
- When they sign up for the platform each of the parties to a dispute are given their own secure data room where they can place calls, upload documents securely, leave video messages for each other and use that space as a case management space for all of the persons you required. No one outside of your team has access to your data room
- The other side will have their own data room and both parties will have a common shared hearing space.
- If lawyers are engaged they will also have a private space on the platform for them to confer.
- The system can be configured to your requirements.
How do we prepare for a hearing date?
- The parties sign an arbitration agreement. This can be tailored depending on the type of dispute.
- Armistice shall contact the Arbitrators in question and subject to their availability shall make arrangements for suitable dates.
- The Parties to a dispute lodge a case stated via the Armistice Platform
- The Arbitrator may, if he or she considers it necessary due to the complexity of the dispute or otherwise hold a preliminary hearing via the platform for case directions
- The parties will proceed to hearing.
- A decision will issue from the Arbitrator.
- Once the decision is acknowledged by the parties all the client data will be securely deleted from our servers.
Is the decision binding?
- Yes. Under the Arbitration Acts and the Irish Courts have consistently vindicated the rights of the Arbitration process.
How much does it cost?
- Armistice offers a straightforward and transparent pricing model. There are no hidden fees or charges and it is a flat rate fee per party depending on the value of the dispute. Click here to view our fees.
Why should I consider arbitration?
- It is CHEAPER than traditional adversarial litigation proceedings
- It is FASTER than traditional adversarial litigation proceedings
- You have access to an exceptional panel of Arbitrators and the CHOICE to elect the arbitrator with the relevant expertise in your dispute area.
- Your data is stored and accessed so you have tighter SECURITY
- You have CONFIDENTIALITY in respect of the existence and outcome of the dispute.