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What is a neutral third party?
date: 2022-11-21 18: 16: 32    |     read: 4010

A neutral third party may be the arbitrator, It could be an AD hoc tribunal or even a single arbitrator. However, some States may not recognize arbitral awards made by non-arbitral bodies. In addition, most of the arbitration institutions for compulsory arbitration have government background, Voluntary arbitration is usually arbitrated between non-governmental organizations and individuals. Countries generally have arbitration laws, Arbitration institution, arbitrator, Set requirements and standards for arbitration procedures and enforcement of arbitral awards.