What factors should I consider when selecting an arbitration forum?
When selecting an arbitration forum in Georgia, it is important to consider several factors. Firstly, consider the jurisdiction in which the arbitration will be held. If the dispute is taking place in Georgia, then you should make sure the arbitration forum is established in the state. This will ensure the forum will be able to enforce any relevant laws and regulations. Next, consider the impartiality of the forum. The parties should feel confident that the forum will be fair in its decision-making and will not favour one side over the other. Research previous cases handled by the forum to gain insight into their impartiality. Thirdly, assess the costs associated with arbitration. Fees typically vary between forums, and can be based on a variety of criteria. Consider the relative cost of arbitration between the available forums to ensure the most cost-effective option is chosen. Additionally, consider the expertise of the forum. The parties should research the background and qualifications of the arbitrators who will be appointed to hear the case. Will the arbitrators have the necessary expertise to make an informed decision? Finally, consider the speed and flexibility of the forum. This should be based on the individual needs of the parties. A speedy and flexible forum with a good reputation is essential for a successful arbitration dispute. By considering these factors, you will be able to select the most suitable arbitration forum for your dispute.
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