In most cases, the parties to an arbitration divide the cost of the arbitrators fees and expenses evenly – that is, each pays half.
Does the employer pay for arbitration?
One positive aspect of arbitration for employees is that California law requires employers to pay for the costs of arbitration. This is good because while arbitration is usually less expensive than civil litigation, it can still range in the tens of thousands of dollars in some cases.
Is arbitration private or public?
Arbitration proceedings are generally held in private. And parties sometimes agree to keep the proceedings and terms of the final resolution confidential.
Is the arbitration process private?
Arbitration is a private process where disputing parties agree that one or several individuals can make a decision about the dispute after receiving evidence and hearing arguments. When arbitration is non-binding, the arbitrators award is advisory and can be final only if accepted by the parties.
Who settles arbitration?
Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the judiciary courts. The dispute will be decided by one or more persons (the arbitrators, arbiters or arbitral tribunal), which renders the arbitration award.