In arbitration, who appoints the arbitrator and what is the outcome?

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Multiple Choice

In arbitration, who appoints the arbitrator and what is the outcome?

Explanation:
In arbitration, a neutral arbitrator with subject-matter expertise is chosen to decide the dispute. The parties typically agree on who will act as the arbitrator, or a neutral appointing authority steps in if they can’t agree. The key outcome is that the arbitrator’s award is final and binding on both sides, and can be enforced like a court judgment, with only limited avenues to challenge it in court. This is why the idea of a specialist arbitrator being appointed and the decision being final fits best. It’s not about a mediator or a non-binding agreement, and it doesn’t involve a jury or a court merely approving a decision.

In arbitration, a neutral arbitrator with subject-matter expertise is chosen to decide the dispute. The parties typically agree on who will act as the arbitrator, or a neutral appointing authority steps in if they can’t agree. The key outcome is that the arbitrator’s award is final and binding on both sides, and can be enforced like a court judgment, with only limited avenues to challenge it in court.

This is why the idea of a specialist arbitrator being appointed and the decision being final fits best. It’s not about a mediator or a non-binding agreement, and it doesn’t involve a jury or a court merely approving a decision.

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