What is the role of an arbitral tribunal in international litigation?
An arbitral tribunal is a body or group of individuals tasked with adjudicating disputes in international litigation. In international litigation, an arbitral tribunal acts as a neutral forum, presiding over proceedings to resolve the dispute. This typically includes presenting evidence, questioning witnesses and delivering a binding decision. In Alaska, arbitral tribunals are commonly used to settle international disputes. When two disputing parties are unable to come to a resolution on their own, they may submit their case to an arbitral tribunal. This allows a third-party to hear both sides of the dispute and to determine an outcome. An arbitral tribunal can be composed of a single arbitrator or a panel of arbitrators. In either case, the arbitral tribunal must remain impartial and can take into account a variety of evidence. This includes documents, testimonies, and other relevant facts. Upon considering the evidence, the arbitral tribunal renders a binding decision, which both parties must honor. An arbitral tribunal serves a key role in international litigation. This impartial body helps to resolve disputes between two parties without the need for a court hearing. As such, it can help to save time and money for all involved. Furthermore, the Tribunal is able to make a binding decision, ensuring that both parties adhere to its ruling.
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