Find the Right Arbitrator- Essential Tips to Consider
Compared to litigation, the arbitration allows both parties to pick an arbitrator for their case. They can decide to pick one with vast experience related to their case like technical or industry knowledge. They can ensure that the arbitrator has handled similar cases in the past. They can even get someone who has similar credentials or even different qualifications. No matter how different it may be, both parties wanted to make sure that they get an impartial arbitrator for their case.
Choosing the right arbitrator is very essential. In your dispute, you need someone who can make a fair decision and process for all. But choosing an arbitrator isn’t that easy. There are many choices available which makes it quite confusing. Fortunately, this article lists down some steps for you to take note. This serves as your guide in picking the right arbitrator for you.
1. Check qualifications – The qualifications of the expert is an essential factor to consider. Of course, you only want someone who has the expertise in handling your case. You can’t just pick the first name you found online. Choosing someone who has a vast knowledge about your case can help you save ample of time and money. Why choose an unqualified professional when qualified ones offer you the best benefits? You can visit the website of the arbitrator to check their qualifications. Their education background, cases handled, certifications and many more determine if he is the most qualified person to hire.
2. Consider the experience – You don’t only need someone who has a good training, but also the one who are experienced in handling your case fairly and efficiently. Arbitrators are required by the administrative organizations to strictly follow the codes of ethics. In addition to that, you need to look for an arbitrator who has knowhow about cyber security. This is because cyber security threats are prevalent these days. You will want someone who is familiar with it.
3. Look at the diversity – If you have diverse arbitrators and panels, then you can expect an enhanced decision making. This is actually an essential value for most law firms, companies, and even individuals who needs arbitrators that reflect their workforce. It’s best to pick an ADR or alternative dispute resolution offering arbitrators who are diverse in both ethics and gender.
4. Look at the tools and resources – The last thing that you will have to consider when picking an arbitrator are the tools and resources they make use. Again, you can visit their website online. They sure include such essential information on their page. In fact, you will get to know more about the arbitrator through their site. If they don’t seem to update their page, then they might not be too serious to get clients. That is a red flag. Always pick someone who gives effort to update information in their site. After all, this is the best place for potential clients to visit and get to know them better.
Now, follow these things when picking an arbitrator for your case.