Which Are The 3 Different Kinds Of Arbitration?

Arbitration law is different for criminal and civil cases. During the arbitration, the dispute is sent to the arbitration tribunal. The tribunal resolves the dispute without any judicial proceeding. That's why the final decision cannot be appealed, making it binding on both parties. There are different types of arbitration as per the jurisdiction of the case. They are domestic arbitration, international arbitration, and international commercial arbitration. Arbitration lawyers in Kochi are experienced and skilled lawyers to handle all your disputes.
If both parties are Indians and proceedings take place in India, then that proceeding comes under domestic arbitration. In case any of the parties are foreign in origin and the dispute happens within India or outside India, then this case falls under international arbitration. Arbitration lawyers in Kerala decide which law is applicable, Indian or foreign depending upon the facts and circumstances of the case. The third kind of arbitration is international commercial arbitration. It states that if a dispute arises from a commercial contract where either one of the parties resides in a foreign country or is a foreign national; the core management committee of an association, company, or body of individuals is controlled by foreign individuals. There are three more kinds of arbitration on the basis of the established procedure. They are Ad-hoc arbitration, fast-track arbitration, and institutional arbitration.