Arbitration is the only efficient alternative mechanism to Ordinary Justice

 that allows for the solution of conflicts between two or more parties, in which a third neutral and impartial party, the arbitrator, solves the dispute by issuing an arbitration award (ruling) which is binding.
The most significant features of arbitration are:

• Equal opportunities for the parties initiating the proceedings.
• Obligatory compliance. The arbitration award is equivalent to a final ruling.
• Quick, simple and affordable procedure, features which are essential principles of Ordinary Justice.

There are two types of private arbitration: arbitration in equity and arbitration at law. In arbitration in equity proceedings, the arbitrator issues the award in accordance with his/her best knowledge and understanding. In arbitration at law proceedings the arbitrators must be practising lawyers and the award must be duly reasoned and argued.