what is an arbitration hearing

8 months ago 39
Nature

An arbitration hearing is a private process where disputing parties present evidence and make arguments supporting their positions in front of one or several individuals, known as arbitrators, who then make a decision about the dispute. It is similar to a trial, but less formal and more efficient, and the decision made by the arbitrator can be either binding or non-binding. During the hearing, both sides present evidence, may ask questions of the parties and their witnesses, and may schedule more time for a party to submit evidence that the arbitrator deems necessary. After the hearing, the arbitrator issues an award, which may be either a "bare bones" decision or a "reasoned" decision. If the arbitration is binding, the decision is final and can be enforced by a court