Arbitration Student Name Institutional Affiliation Arbitration Arbitration is considered the least expensive and faster method of solving a dispute instead of heading to court. The process is part of the alternative dispute resolution (ADR) that is used in place of litigation. Arbitration tends to be more powerful than mediation whereby the decision made by the arbitrator is binding to the involved parties (Perkowski, 2016). Similarly to any profession, an arbitrator needs to undergo sufficient and special training to ensure that he or she is familiar with the law and the needs of the whole society. One of the reasons that make it relevant for arbitrators to undergo special training is for...
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