Arbitration and Conciliation Rules

Arbitration and Conciliation Rules are guidelines that govern how disputes are resolved outside of courts. Arbitration involves a neutral third party (the arbitrator) making a binding decision on a disagreement, while conciliation focuses on facilitating communication between parties to help them reach a mutual agreement. These rules ensure fairness, confidentiality, and efficiency in the process, allowing parties to avoid lengthy court proceedings. Such methods are commonly used in commercial disputes, helping to save time and resources while providing a clear resolution to conflicts.