What is the difference between arbitration, mediation and an economic expert opinion?
In arbitration, the parties authorize an arbitrator to decide the dispute, and the decision is binding on them, in a private and confidential process. In mediation, the parties reach agreement themselves with the help of a neutral mediator. An economic expert opinion analyzes a professional question, such as value or damages, and is used in negotiations, arbitration or court. The preliminary review determines which track suits the case.
Are the expert opinions suitable for submission to court?
Yes. The opinions are written in the structure and with the reasoning required for submission to the courts, and are based on a full analysis of the data.
Can arbitration be conducted in English or with a foreign party?
Yes. Arbitration proceedings are conducted in Hebrew or English, including disputes where one of the parties is foreign or the transaction crosses borders.
Is the process confidential?
Yes. All details and documents are kept strictly confidential. Arbitration and mediation are conducted privately, away from the publicity of the courts.
I’m a lawyer. Can I refer a client?
Certainly. The work is carried out in full coordination with the attorney handling the case, and provides the case with its economic, accounting and tax foundation.
How long does the process take?
The duration depends on the scope and complexity of the case, and timetables are set in advance within the agreed procedural framework. Arbitration usually reaches a decision in a shorter time than litigation in the courts.
How are the terms of engagement set?
The terms of engagement are set in writing after the preliminary review, according to the scope of the case and the chosen track.