Arbitration is one of the most popular forms of alternative dispute resolution (ADR).
Similar to a judge, an arbitrator is a neutral third party who hears witnesses and reviews evidence before delivering a judgment that is usually legally binding.
However, arbitration is less formal than courtroom litigation and typically less costly and time-consuming.
And unlike the court system, parties involved in arbitration are allowed to choose their own arbitrator, and can design the process to suit their own needs. That means they can choose the timing and place of the arbitration, as well as who will be present.
Another key benefit of arbitration is privacy. Proceedings are confidential, which is generally considered a major advantage over litigation.
But how does one start a career in arbitration? What kind of training pathways and certifications are available in Canada?
Here is a simple breakdown of arbitration careers, training options, and professional designations.