There are many benefits of using cyber arbitration:
. Cyber arbitration is clean, easy and user-friendly.
. Cyber arbitration is cheaper than adjudication of legal disputes by courts of law.
. Cyber arbitration is more convenient as you can refer and use the services of cyber arbitration sitting at office or at home or at any place of your own convenience.
. Cyber arbitration is effective since it allows for theeffective and efficacious adjudication of disputes between the parties in a non adversarial manner of settlement.
.Cyber arbitration is expeditious since it is far more faster in settlement of disputes in the online space than physical settlement of disputes in a court of law in any jurisdiction.
Cyber arbitration is available on a 24 x 7 basis.
.Cyber arbitration uses the latest technologies like electronic authentication and encryption for the purposes of ensuring the authenticity and veracity of all electronic information and documentation filed in various alternate dispute resolution procedures and proceedings.
.Cyber arbitration is also convenient as it dispenses the need for having a physical hearing of the parties before the arbitrator or mediator.
.Cyber arbitration is beneficial as it allows you to pick up an arbitrator of your own choice from the panel of arbitrators and decide the terms of reference to be given to the arbitrator for the purposes of his arbitration award. The arbitrator uses the medium of the Internet and the technology and infrastructure provided by Cyber arbitration to provide an efficacious, effective and expeditious settlement of disputes.
.Cyber arbitration is more efficient than arbitration in the real world.
Cyber arbitration also incorporates within its ambit, other associated services like that of cyber mediation. Arbitrators and mediators use technologies and technological processes and procedures for the purposes of communicating to the parties and also for the purposes of effective online redressal of disputes and settlement of contentious issues. In that regard , arbitrators and mediators of Cyber arbitration use tele-conferencing, web conferencing, e-mail, voice chat, VOIP and other related technologies for the purposes of effectively hearing the parties, providing opportunities of being heard and yet also giving expeditious awards to disputes. The nature of cyber arbitration is voluntary in character. But the parties need to agree to Cyber arbitration and the services provided by
Cyber arbitration before the matter can be referred to in the arbitrator. Cyber arbitration has got a number of arbitrators in its distinguished panel of arbitrators. Two parties can jointly agree to refer their disputes to Cyber arbitration. They could also pick and choose any one arbitrator from the panel of arbitrators to decide their respective disputes. The arbitrator takes versions from both the parties, holds online hearings through web conferences, VOIP and voice chats and thereafter, proceeds to give his judgement in contentious issues.
Given the voluntary nature of cyber arbitration, it is incumbent upon both parties to agree to the arbitration award provided by the arbitrator. However it can still be possible that any party, not been satisfied by the award of the arbitrator, could still approach a court of law of competent jurisdiction to challenges said award. In that case, the normal provisions of prevailing laws of the time being in force relating to arbitration and the challenge of arbitral award in a court of law, would apply to such proceedings.
All in all, Cyber arbitration presents an extremely efficient, both in terms of cost and time, expeditious, convenient, user friendly mechanisms and methodology for online settlement of contentious issues and disputes.