Is ADR different from arbitration?
Arbitration and ADR (arbitration procedure)
For many years, companies have preferred out-of-court solutions to lengthy and often expensive legal proceedings. Courts are often overburdened, judges have little experience in special matters of trade and cross-border legal transactions. With the involvement of trained legal advisors, conflicts of interest can also be balanced out by businesspeople in such a way that not only economically sensible results are achieved, but also legally secure formulations can be found without destroying business relationships that have often grown over many years. The techniques used here are summarized under the term "alternative conflict resolution" - in English ADR ("Alternative Dispute Resolution").
“Arbitration” means arbitration proceedings. These are formal proceedings before private courts that can be carried out outside the state courts according to nationally or internationally recognized rules. Arbitrators and party representatives can be selected under the aspects of expertise and professional competence, who can help to resolve disputes quickly and often relatively inexpensively without the risk of public court reports. Depending on the type of procedure, this can also become an enforceable title, which can also be recognized by the bailiff and used for enforcement measures (security, seizure in account or real estate assets, receivership)
- Advice on arbitration proceedings
- Activity as an arbitrator
- National and international arbitration
Your contact person:
Frank E. R. Diem
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