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Arbitration

Arbitration is a system of settling a dispute by the use of an arbitrator as an alternative to court proceedings. In this system the disputes are referred to an arbitrator who delivers decision after hearing the parties in the dispute.

For example, in Capital market in India, there is an alternative dispute resolution mechanism provided by a stock exchange for resolving disputes between the trading members and their clients in respect of trades done on the exchange.

Page last modified on Thursday November 7, 2019 05:05:31 GMT-0000