Mandatory arbitration makes debut in Canada-US treaty
October 15, 2008
Santino Di Libero of Gowling Lafleur Henderson believes the inclusion of mandatory arbitration in the fifth protocol to the Canada-US treaty will help the competent authority process between the two countries
Arbitration is the process whereby a dispute between two parties is left in the hands of an independent third party for consideration. The arbitrator will listen to both sides of the dispute and after consideration of the facts and circumstances, arrive at a final decision or solution. Arbitration has and still is today very significant in many areas of business and in particular it plays a vital role in resolving disputes in the employment, commercial insurance and financial sectors.
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