quesIs it compulsory to hire a lawyer in arbitration proceedings?

What is the next step after Arbitrator is appointed? Is it compulsary to hire a lawyer in case of arbitration proceedings?

 

  • ans 

    The Arbitration process is explained below step by step for your understanding:

     

    1. Appointment of Arbitrator / Arbitral Tribunal

     

    2. Framing of Rules/procedure for arbitration by the Arbitrator / Arbitral Tribunal in consultation with the parties.

     

    3. Submission of Statements of Claim and Defense - The claimant should submit statement of claims, points of issue and relief or remedy sought. The respondent shall state his defense in respect of these particulars. All relevant supporting documents must also be submitted. Such claim or defense may be amended or supplemented any time

     

    4. Hearings and written proceedings - After submission of documents and defense, unless the parties agree otherwise, the Arbitral Tribunal can decide whether there will be oral hearing or proceedings can be conducted on the basis of documents and other materials. However, if one of the parties requests, the hearing shall be oral. Sufficient advance notice of hearing should be given to both the parties.

     

    5. Settlement during arbitration - It is permissible for parties to arrive at mutual settlement even when arbitration is proceeding. In fact, even the Tribunal can make efforts to encourage mutual settlement. If parties settle the dispute by mutual agreement, the arbitration shall be terminated. However, if both parties and the Arbitral Tribunal agree, the settlement can be recorded in the form of an arbitral award on agreed terms. Such Arbitral Award shall have the same force as any other Arbitral Award.

     

    6. Arbitral Award - The decision of Arbitral Tribunal is termed as 'Arbitral Award'. The arbitrator can decide the dispute ex aequo et bono (In justice and in good faith) if both the parties expressly authorise him to do so. The decision of Arbitral Tribunal will be by majority and the arbitral award shall be in writing and signed by the members of the tribunal. The award must state the reasons unless the parties agree otherwise. The award should be dated and place where it is made should be mentioned. Copy of award should be given to each party.

     

    Cost of Arbitration - Cost of arbitration means reasonable cost relating to fees and expenses of arbitrators and witnesses, legal fees and expenses, administration fees of the institution supervising the arbitration and other expenses in connection with arbitral proceedings. The tribunal can decide the cost and share of each party. If the parties refuse to pay the costs, the Arbitral Tribunal may refuse to deliver its award. 

     

    It is advisable to engage an Advocate as the Arbitral process involves filing of written submissions and oral / written hearings including examination and cross-examination of witnesses and therefore, an Advocate would be able to represent you  /defend you in a better manner.

     

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Arbitration Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Arbitration lawyers in India

Arbitration Lawyers

Advocate Jaspreet Singh Rai

  Greater Kailash 1
 Experience: 13 years


Advocate Wg Cdr Ajit Kakkar (Retd)

  Dwarka
 Experience: 16 years


Advocate Arjun Vinod Bobde

  Supreme Court of India
 Experience: 13 years


Advocate Sunil Kadam

  Fort
 Experience: 8 years


View all >>

How it Works

Know how LawRato makes legal easier and effortless

Ask a Free Question

Post a question and get free advice from multiple lawyers

Talk to a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly