Electronic Arbitration

 

 

The world has seen  in the recent era a  tremendous development in the means of communication and information technology.  The revolution of the internet and the integration between information technology and digital communication removed all borders worldwide thus making the world very small and extremely accessible at the tips of all computer users.  This technology has reflected on the existing concepts in the contractual relationships amongst different companies. Therefore contracts  can be negotiated and signed online through  the electronic means of communication  that show

 

 

the necessity of adopting  new means of settling  contract disputes in a way  that is commensurate  with such high-speed  transportation in the virtual world of business development.

 

 

People in the business world have determined that electronic arbitration is the best means of settling their commercial disputes.  Moreover, they can resort to electronic arbitration to settle all disputes related to all services, goods, and intellectual property.  Commercial life thus becomes smoother through  electronic arbitration by saving expenses and saving time for different companies and businesspeople.

 

 

Although regular arbitration is well-known in the field of the international commercial arbitration and is adopted by many companies worldwide and is very efficient, many  businesspeople resort to electronic arbitration due to the speed and low cost of the legal process.  This will lead to the smooth transfer of capitals domestically and internationally amongst all countries.

 

 

Therefore, we can say that electronic arbitration can take place  totally or partially through the internet or other means of electronic communications.  Parties to any disputes can agree to resort to electronic arbitration by themselves or resort to any arbitration firms locally or internationally by exchanging emails throughout the entire process, between themselves and then to the arbitration firm agreed upon by both parties involved.

 

 

At the same time,

these parties can resort to other arbitration institutions or firms that have their own documentations or forms online and fill them out  to start the procedures and exchange all legal declarations electronically.

 

 

Also they can hold hearing sessions through video conferencing and all other means of virtual communication. Witnesses and legal experts can be questioned electronically during the legal process  of the arbitration until reaching the final arbitration award. 

 

 

The parties to the arbitration case sign and agree to accept and enforce the final award to the case according to the applicable laws and international arbitration legal treaties.  The party winning the award may resort to the competent court in case the second party refuses enforcement of the award. In this case, the court has the authority  to enforce the award according to the applicable legal laws.