What is the definition of “party autonomy” in arbitration?

Party autonomy in arbitration is the concept that the parties involved in a dispute have the authority to determine the process, procedure, and rules that will govern the dispute resolution process. This concept is based on the assumption that the parties involved are best suited to determine the most efficient and effective way to resolve their dispute. In Georgia, party autonomy is an important part of the Arbitration Law. It allows parties to control the rules and procedure that will be used to mediate the dispute, as well as to define and select the person or persons that will act as arbiters. This can help to create a more efficient and effective dispute resolution process. Party autonomy gives the parties involved in a dispute the power to select the steps that will lead to a resolution. In addition, the parties involved can determine if they want to reach a decision by majority or consensus, and they can choose the language to be used in the arbitration process. By allowing the involved parties to control the process, a more efficient and effective way of dispute resolution can be achieved, as the process is tailored to the type of dispute and the needs of the parties.

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What is the definition of “party autonomy” in arbitration?

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