No products in the cart.

Discuss tge similarities and differences between …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Discuss tge similarities and differences between the arbitration and litegation

 

  • 3 answers

Alka Mishra 7 years, 8 months ago

The major difference is that litigation is formal format of adjudication while arbitration is less formal and flexible.

Sahdev Sharma 8 years, 1 month ago

Similarities:

  • Both are effective tools to resolve disputes between parties.
  • Both are decided by an indepent third party.

Sahdev Sharma 8 years, 1 month ago

Difference Between Litigation and Arbitration: 

  • Litigation is a law suit which arbitration is not
  • Litigation always involves hearings in a court of law in front of a jury while arbitration involves resolution of disputes through a neutral third party
  • Litigation is expensive as it involves various fees of attorneys and the court whereas arbitration is faster and cheaper
  • An arbitrator, though normally he is a lawyer or a former judge, can be a person with no formal legal experience. In litigation this is not possible.
  • Inlitigation, losing party can appeal in a higher court of law while this is not possible in arbitration.
http://mycbseguide.com/examin8/

Related Questions

full chapter ADR
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App