Hello my name is XXXXX XXXXX I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.
Is this for an essay please?
YES. IT IS FOR AN ESSAY AND I WOULD BE GRATEFUL IF YOU COULD GIVE ME AN ANSWER TODAY1
I am not going to write the essay for you, I can give you pointers - is that ok?
Jurisdiction is important because clearly where the dispute is litigated is important.
This is because if for example its in the UK the award may be different to that of Germany.
Clearly it is easier to litigate as a UK national within the UK.
If you do this abroad it will be costly as you need a UK/foreign lawyer and they can be expensive.
Therefore if the jurisdiction is in the UK and the contract is governed by the UK then it makes a big difference to the cost of litigation.
As to arbitration then this is an agreement between the parties to be bound by a non court process
This means it goes before a Chair who will hear the case and make a decision
Once the parties agree arbitration and the decision is made, one party can't pursue it then in Court.
So it makes a difference in that arbitration is a non Court process
Can I clarify anything?
No, thanks. And thanks for the assistance.