Arbitration vs Conciliation vs Mediation
Arbitration vs conciliation vs mediation turns on a single question: does the neutral decide the dispute, or do the parties? Arbitration is adjudicatory, and it ends in a binding award under the Arbitration and Conciliation Act, 1996. Conciliation and mediation are not adjudicatory, because the neutral only helps the parties reach their own settlement, which […]
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