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RAPID Arbitration
Arbitration is probably the best-known form of private dispute resolution, and is a formal, and binding process where the dispute is resolved by the decision of a nominated third party, the arbitrator.
Under RAPID Arbitration, parties can access some of the UK's top personal injury professionals, working to defined procedures and capped fee rates.
Key features of RAPID Arbitration include:
- Cost capped documents-only process with option of a full cost capped arbitration hearing
- Just six to twenty weeks from receipt of application to issue of Award
- No financial limit on level of claim
- Arbitrator makes binding decision enforceable in the courts
- Arbitrators are drawn from membership of the Chartered Institute of Arbitrators, and are bound by its Code of Ethics
- Detailed Guidance Notes are made available to the parties
RAPID Arbitration also benefits from the traditional advantages enjoyed in ADR processes:
- It is more cost-effective than going to court and takes less time
- It is private, protecting the consumer / employee as well as the company brand
- It is accessible
- It uses the skills and experience of professionals used to working within the specialist environment of personal injury
- It gives the user a range of options to best resolve their dispute
Click on the relevant link below to access the RAPID Arbitration rules, guidance notes and application form, all of which have received the Crystal Mark for clarity from the Plain English Campaign.