Kathmandu School of Law Review

P-ISSN : 2091-2110, E-ISSN : 2773-8159, DOI : 10.46985, Publisher : Kathmandu School of Law, Nepal
Annual flagship journal of Kathmandu School of Law, Nepal

Volume 12, Issue 1, April 2023
Articles

Revisiting the Core Ideas of Arbitration through Functional and Practical Measures

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  • Anil Kumar Shrestha
Anil Kumar Shrestha
Associate Professor at Kathmandu School of Law
DOI: https://doi.org/10.46985/kslr.v12i1.2229

Published 2024-07-26

Keywords

  • Arbitration, Core Ideas, Advantages, Revisiting.

How to Cite

Shrestha, A. K. (2024). Revisiting the Core Ideas of Arbitration through Functional and Practical Measures. Kathmandu School of Law Review, 12(1), 164–177. https://doi.org/10.46985/kslr.v12i1.2229
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Abstract

Arbitration has been vital to dispute resolution in today's commercial society. It has been discussed, presented, and conceived as one of the prominent methods of alternative dispute settlement mechanisms. It has been said to have significant advantages over litigation in court, such as speedy process, lower cost, flexibility, confidentiality, and fair, final, and enforceable awards. However, these advantages or core ideas of arbitration must be revisited to ensure and endure the concept of arbitration itself. This paper tries to oversee the core ideas of arbitration through functional and practical measures, and the author has revisited the fundamental advantages of arbitration, such as its speed, cost, and non-litigious nature, besides debunking whether arbitration is an alternative dispute resolution mechanism.

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References

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