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What is arbitration

Arbitration - a place for the resolution of economic and other business disputes

If two bully decided to face off on the streets by force and fighting qualities and one of them was injured, they will come to the ordinary court. Perhaps even in handcuffs.

If two people are not able to shareequally household goods, waiting for them in the world court. And if the same two who are representatives of different companies, divided the property is already in a much larger size, then they are a direct route to the arbitrator.

Or - to arbitration.

Greetings from France

The appearance of our contemporaries are obliged to arbitrationFrench. It was their term "fair solution" (in French it sounds like Arbitrag), applies in proceedings of disputes was a fundamental principle and the current numerous arbitration courts. In the understanding of the people living in the 21st century, arbitration - a legal organization that considers economic and other commercial disputes of private entrepreneurs and legal entities. They are connected only to the conduct of business. For example, in recognition of the bank or the bankrupt factory.
Simply put, the primary function of arbitration andJudges is a detailed review and arbitrate on disputes between the three categories of customers: private entrepreneurs, legal entities and public bodies (for example, tax or customs inspection). An exception to the general rule is only in the fact that arbitration is not shy to disassemble the case of ordinary people, too, who want to recognize themselves bankrupt. Not so long ago the bankruptcy of individuals was not so much the fashion as necessary. Particularly after the onset of the banking and mortgage lending institutions.
The competence of arbitration and include disputesshareholders, and just different participants LLC and JSC. Moreover, both among themselves and with their communities on issues such as the payment of dividends or the purchase of shares. As well as the consideration of claims of citizens and groups who received unjustified in their view the refusal to register as a private business or organization.

Court, but not the

Those who consider something arbitrationauthoritarian and oppressive semblance of an ordinary court is very wrong. No handcuffs with bars, no police guard is not here, everything is solved exclusively by peaceful and humane way. And the main actors in such processes typically do not serve the parties themselves or the public prosecutor, not business leaders, often not even come into the room, and their lawyers or specially hired lawyers, business executives.
Among the main differences from other courts of arbitrationpermissible to allocate a much shorter time rassmotreniya- Regulate the Arbitration Procedural Code of the RF-formalization trebovaniy- special and special procedure of proving their consistency pravoty- proceedings on disputes recognized by the same.

Arbitration as an activity

Arbitration has the second value. He called himself a way to control people or organizations dispute. For example, sports. It is for him arguing resort to the services of an official is not the courts, as individuals or selected arbitrators. The latter, by the way, once and referred to arbitrators.
Incidentally, we called the arbitration andLogistics is speculative finance market with one currency to another. Its main goal - to make a profit from the difference in rates, in interest rates or consumer prices.

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