arbitration betydelse and definition

Betydelse av arbitration på svenska

• 0 the process of solving an argument between people by helping them to agree to an acceptable solution:

  • Both sides in the dispute have agreed to go to arbitration (= to have the disagreement solved by an arbitrator).

• 1 the formal process of having an outside person, chosen by both sides to a disagreement, end the disagreement:

  • Both labor and management have agreed to arbitration.

• 2 a process in which an independent person makes an official decision that ends a legal disagreement without the need for it to be solved in court:

  • Arbitration is often preferred by firms in business disputes.

  • binding/mandatory arbitration

  • The Texas high court said they had to go to arbitration because that's what the signed contract required.

  • The dispute is in arbitration.

• 3 a process in which an independent official tries to avoid a strike (= situation in which workers stop working as a protest) by having discussions that end a disagreement between the workers and their employer:

  • Pension contribution levels have been fixed by collective bargaining and labor arbitration.