Graduate from Amity Law School, Noida, India
One of the main concerns among disputants in arbitration is that the duration is taken to resolve their disputes. Although it’s has been suggested that sole arbitrators and multi-member tribunals should conclude arbitration cases within 3 and 6 months, respectively, it remains unclear why some disputes take longer than others to resolve. The importance of timely resolution of construction disputes can’t be exaggerated. Studies have established resolution time as one of the essential considerations in selecting dispute resolution methods. Conflicts that take an extended time to resolve essentially fracture business relationships escalate construction costs, delay projects, cause emotional stress, and damage reputation, reducing business turnover.
Research Paper
International Journal of Legal Science and Innovation, Volume 3, Issue 4, Page 280 - 284
DOI: https://doij.org/10.10000/IJLSI.11893This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright © IJLSI 2021