Arbitration: a binding way to resolve disputes
Arbitration is a private process in which the parties in dispute agree to have an arbitral tribunal — composed of specialists — issue a final, binding decision.
This tribunal may be composed of technical professionals or lawyers, depending on the type of arbitration chosen.
The decision — known as the arbitration award — carries the same legal force as a court judgment.
It is an excellent alternative to litigation for those seeking a technical, legal, or equity-based solution in a more flexible, confidential, and specialized manner.
How is an arbitration initiated?
By means of a written request, one of the parties submits the arbitration request to the CRC.
From that point on, the process of setting up the tribunal and the arbitration stage begins.
What if the dispute is minor?
When the amount in dispute is small, an abbreviated arbitration — a faster, simplified process — may be used.
What types of arbitration are there?
Expert
Technical Tribunal formed by CFIA specialists. Ideal for disputes with high technical content.
At law
Court of expert lawyers. The decision is based on the applicable law.
Equity
Tribunal composed of CFIA professionals with extensive experience. The decision is based on criteria of fairness and experience.
Mixed equity
Two CFIA members and one lawyer. Balance between technical and legal.