Difference between Mediation and Arbitration

Arbitration is a process by which a neutral third party or panel considers evidence presented by the parties and makes a decision which is binding on the parties according to rule, or prior agreement of the parties.

The Arbitrators are required to give an award within a time frame decided by the parties

The Arbitrators ward has to be registered in the court of law and is binding on the parties.

Mediation on the other hand, is a voluntary and flexible process where a neutral third person assist confidentially the parties towards a negotiated agreement, with parties in ultimate control of the process in reaching on a decision of their own where both the parties are in win-win situation with or without a financial cost.

The Aga Khan Shia Imami Ismaili Conciliation and Arbitration Board all over the world prefer to adopt Conciliation through Mediation for resolution of conflicts within the Jama’ati members.