Cyberarbitration
Cyber arbitration refers to the phenomenon of online settlement of disputes through alternative dispute resolution mechanisms. The world, by and large, has been used to the adversarial form of litigation, which basically envisages two parties fighting out their respective contentions and cases in courts of law.
However, with the advent of Internet, alternate dispute resolution mechanisms have received a tremendous boost. The power of the internet and the web can now be harnessed for the purposes of not just effective mediation but also arbitration of important disputes between parties.
The said parties could be located in different territorial boundaries or jurisdictions and yet could still agree to be governed by common system of online alternate dispute resolution mechanism. Cyber arbitration refers to the system of online dispute resolution mechanisms, using the medium of the Internet and Web. Cyber arbitration refers to arbitration in cyberspace done, in the online ecosystem, using online resources and facilitated by the power of the internet and World Wide Web.
Cyber arbitration encourages people to adopt dispute resolution mechanisms using the online environment, thereby helping them save money, costs, resources and time, apart from anxiety, headache and annoyance. Cyber arbitration offers online mediation and arbitration services to clients, to help them sort out their legal issues and disputes, without the necessity of going to a court of law.
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