It is a business person’s nightmare when the contract they thought was sound and wind proof turns out to be open for interpretation. The High Court gives a stark reminder for the need for clarity when drafting. The recent case of Macquarie Capital...
Arbitration is a form of alternative dispute resolution.
The parties can refer their matter to an Arbitrator who has expert knowledge in building disputes and the Arbitrator will review the evidence presented and will reach a decision which both parties will be bound by. This decision will be enforceable if the Parties fail to adhere to the decision reached.
Many individuals consider arbitration as a straight forward and cost effective approach to litigation.