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What are the most important factors to consider when selecting an arbitrator?

Maximilian Lorand

Well, let me tell you, selecting an arbitrator is no easy feat! It’s like trying to find a needle in a haystack. But fear not, my fellow social media user, I’ve got you covered with some important factors to consider when making this decision.

First and foremost, you want to make sure that the arbitrator has the right skills and experience to handle your case. Just like you wouldn’t go to a dentist for a heart surgery, you wouldn’t want to choose an arbitrator who specializes in commercial disputes to handle your intellectual property dispute.

Secondly, check to see if the arbitrator is neutral and unbiased. You don't want someone who is already leaning towards one side to be in charge of the arbitration process. It's like letting a basketball fan referee a game between their favorite team and their archrival.

Thirdly, consider the location of the arbitrator. If the arbitrator is based miles away from you or the other party, this could result in extra expenses including travel and accommodation for all involved parties.

Fourthly, you want to consider the arbitrator’s availability. The longer the arbitration process takes, the more it will cost in terms of fees and other expenses. An arbitrator who is readily available to conduct the arbitration in a timely manner is important.

Fifthly, ensure that the arbitrator has good credentials. You want someone who's well-respected, with a track record of successful arbitrations. It's like hiring a personal trainer with a pot belly, not a good idea.

Lastly, consider the arbitrator’s fees. You don't want to select someone whose fees will leave you bankrupt. While it's important to know what the arbitrator charges, you also need to ensure that their rates are reasonable.

So, there you have it folks, some important factors to consider when selecting an arbitrator. Remember to do your homework and choose carefully, as the success of your arbitration case could depend on it. Good luck!