Welcome to the Arbitration House in Dhaka,
Here Resolving disputes fairly and efficiently
What is Arbitration?
Arbitration is a voluntary dispute resolution process in which two parties agree to have their dispute resolved by a neutral third party, called an arbitrator. This process is an alternative to legal dispute, which is the traditional method of resolving disputes through the court system.
Why Choose Arbitration?
There are many reasons to choose arbitration over litigation. Some of the benefits of arbitration include:
Neutrality:
Arbitration tribunals are neutral, which means that they are not biased in favor of either party. This can help to ensure that the dispute is resolved fairly.
Time and money are saved: Arbitration proceedings can be more efficient than litigation, as they are not subject to the same procedural rules. This can save time and money for both parties.
Expertise:
Arbitration tribunals are typically composed of experts in the relevant area of law. This can help to ensure that the dispute is resolved correctly.
What Does the Arbitration House in Dhaka Do?
The Arbitration House in Dhaka provides a range of arbitration services, including:
Case administration:
The House will administer the arbitral proceedings, including the appointment of arbitrators and the conduct of hearings.
Rules of Arbitration:
The House has its own set of arbitration rules, which manages the arbitration process.
Tribunals:
The House maintains a panel of arbitrators who are experienced in resolving commercial and investment disputes.
How to Initiate an Arbitration at Arbitration House-
To initiate an arbitration at Arbitration House, parties must first agree to arbitrate their dispute. This can be done in a written arbitration agreement or by a written submission to arbitration. Once the parties have agreed to arbitrate, they can file a request for arbitration with the Arbitration House in Dhaka.
The Arbitral Process in at Arbitration House-
Formation of the arbitral tribunal:
The parties will select one or more arbitrators to resolve their dispute.
Application exchange:
The parties will exchange written application, which set out their claims and defenses.
Hearings:
The parties will have an opportunity to present their evidence and arguments at hearings.
Award:
The arbitral tribunal will issue an award, which is a binding decision that resolves the dispute.