The future is bright
Once viewed as a groundbreaking alternative to costly litigation in the construction industry, arbitration has found itself sidelined in the face of rising costs and cheaper forms of ADR. But as Mair Coombes Davies discovers, arbitration is now enjoying a resurgence in popularity
If some are to be believed, arbitration in the construction industry has no future. Arbitration is squeezed out between adjudication, which is quick and simple, and litigation, which is final and all embracing. It also has to contend with the catch-all of friendly mediation as a means of resolving any dispute. So, does arbitration have a future?
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