Arbitration is one of the important types of dispute resolution in the construction industry, because it provides resolution faster than litigation in court.The parties have the benefit of selecting many things, such as the arbitrators, the applicable law, language, seat of arbitration, procedures, etc. Moreover, the arbitral award is not subject to review by the court. It can also be enforced by the courts of other member countries of the New York Convention. However, the court may set aside or refuse enforcement in a limited circumstance.
First hearing of the Arbitral Tribunal is a very important procedure to create understanding between the parties of dispute to avoid any circumstances which may cause the arbitral award to be set aside or refused enforcement. The understanding of the parties in the first hearing can also expedite the arbitral process.
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