One characteristic of arbitration is consent of two parties to attempt to resolve a dispute privately. An arbitration is valid when consent is given in writing. In an ad hoc arbitration, the parties’ consent determines the procedure, the number of arbitrators selected to arbitrate, the jurisdiction and law applicable. All rules in ad hoc arbitration are made to guide the parties and are subject to their consent. Consent also plays a role in institutional arbitration – where the parties choose an arbitrator or a tribunal to oversee their arbitration. The rules set by the institute are mostly procedural, therefore they can be modified by the parties’ consent. The parties may also consent to the publication of the decision in their matter. Consent emphasizes the legitimacy of the arbitration system in international transactions by preventing courts from intervening in the process, thus allowing the parties to compromise.
|מילות מפתח||Arbitration, בוררות, גישור, גישור מסחרי, גישור מסחרי בינלאומי|
|מקצוע/ות||עבודה סמינריונית במשפטים|
|שם מוסד לימוד בו הוגשה העבודה||המרכז הבינתחומי הרצליה|