Arbitration Interpreters in Venice, Italy | Arbitration Interpreting Services

4. Our past clients include:

5. About Arbitration

Arbitration is becoming an ever more popular form of dispute resolution in the international community. It is a resolution technique whereby a third party reviews the relevant evidence and imposes a decision that is legally enforceable. 

Arbitrators, who are usually experienced lawyers or other experts in the  field of the case, are chosen either directly by the involved parties themselves or by a third party. 

There are two different forms of arbitration: binding and non-binding. In binding arbitration, parties must agree to abide by the decision of the arbitrator. While in non-binding arbotration, the process is used to help establish an advisory opinion - which the opposing parties may or may not abide by. Arbitrations follow the evidential and procedural regularity of court proceedings but take place out of court, in a less formal and less rigorous setting than litigation.

Arbitration differs from mediation in one key aspect. An arbitrator must remain neutral but in the end, using his/her own expertise and knowledge of the subject, come to an decision as to who is right. A mediator must only assist the parties themselves come to a reconciliation or agreement with no judgement. Although a mediation settlement is also legally enforceable.