arbitraler

Arbitraler is a term that appears in some languages to refer to persons or bodies that participate in arbitration as decision-makers. It is related to the adjective arbitral and to the noun arbitrator, though in English-language legal practice the more common terms are arbitrator or arbitral tribunal. Because arbitraler is not a widely standardized English term, its precise meaning can vary by jurisdiction and language.

In general, an arbitraler can be an individual arbitrator or a panel formed to decide a dispute. Arbitrators are typically selected by the parties to the arbitration agreement and may also be appointed by a dispute-resolution institution if the parties fail to agree. They hear evidence, consider arguments, apply the contract and applicable law, and issue an arbitral award.

An arbitral award is usually final and binding on the parties. Awards are typically enforceable in the enforcing jurisdiction under international instruments such as the New York Convention, subject to a limited set of grounds for challenge or annulment. Grounds often include violation of due process, lack of arbitrator independence or authority, or public policy concerns, depending on the applicable law.

Arbitralers and the arbitration process offer a degree of procedural flexibility, privacy, and party autonomy compared with court litigation. However, they may also involve constraints on appeal and safeguards that differ from judicial review.

See also: Arbitration, Arbitral tribunal, Arbitrator, Arbitral award, New York Convention. Note that the use and meaning of arbitraler are language- and jurisdiction-dependent and may be encountered primarily in non-English texts.