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"As Ahmed Ibrahim discusses, multi-tiered dispute resolution clauses are a common feature of construction contracts. These clauses require the parties to exhaust one or more stages of alternative dispute resolution mechanisms before they are permitted to invoke the "ultimate" dispute resolution process, generally arbitration or litigation. The typical pre-arbitration (or litigation) steps called for include a period of amicable settlement, referral to a committee comprising the senior management of both parties, and adjudication before independent third parties which may be binding or non-binding."
Read further:
Web-link: http://www.mondaq.com/x/868782/Arbitration+Dispute+Resolution/MultiTiered+Disput...
Source: Fenwick Elliot LLP
Language: English
Contact: Ahmed Ibrahim