1. What is arbitration? |
Arbitration is an alternative dispute resolution method in which the merits of a case will be judged by an arbitrator who is appointed by the parties and have the knowledge of the issue. It is a binding process. |
2. What is mediation? |
Mediation is an alternative method for dispute resolution through dialogue. It is a non-binding process. |
3. Why choose mediation? |
To reach rapid solutions to disputes and because this method works by voluntary consensus, seeking to stabilize and recuperate the business relationship. |
4. What makes the method effective? |
The method is effective because of the rapidity, specialization and cost and because of the techniques that mediators use to seek mutual understanding and cooperation. |
5. Who can use ARBITAC? |
Any private individual or company, whether associated or not to the Parana Chamber of commerce – ARBITAC – for trained mediators and specialist arbitrators. |
6. How long does it take? |
The interested parties decide on the duration of mediation and arbitration. For arbitration, the law sets out a maximum of 6 months for the arbitral award to be rendered. |
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