January 9, 2018
The Young Jurist is a specialized law firm for high-value and complex arbitration matters and maintains a track record of success for clients. TYJ has legal excellence and a pioneering approach to complex arbitrations. The focus is always on delivering quality legal services to achieve the best results for our clients.
We are members of many institutions at PAN India and work for us on a case-to-case basis. We are also providing industry-specific experts who act as Arbitrators & Mediators. We are taking the subject of International arbitration for various foreign institutions.
We have experienced Supreme Court, and High Court retired justice(s) who represent us before the arbitral tribunals. The firm handles matters not only in locations where it has its own offices but also in other cities across India, where it has developed alliances and trusting relationships with high-calibre law firms and professionals to deliver impeccable solutions to our clients.
We offer expert alternative dispute resolution services, including claim assessment, data assimilation, claim computation, engaging experts, preparing pleadings, leading submissions and arguments, assisting in the preparation of evidence etc.
We believe that Alternative dispute resolution is beneficial to both parties, and it ensures effective and timely resolution of the disputes. Being led by experienced professionals, TYJ has acknowledged expertise in advising corporate clients on several matters.
Understanding Alternative Dispute Resolution
Alternative dispute resolution (ADR) is a way for parties to resolve conflicts in a less formal and less intimidating environment than the traditional legal system. ADR allows parties to work with a neutral third party or panel to come to a resolution that addresses the issues in conflict. The choice of which method of ADR to use depends on the specific situation and the parties’ needs. The two most common methods of ADR are mediation and arbitration. In mediation, a neutral mediator helps the parties find a mutually agreed upon resolution. In arbitration, a neutral third party or panel makes a decision that the parties have agreed to be bound by.
In mediation, a mediator helps the parties involved in a dispute come to a mutually agreed upon resolution. The mediator is a neutral third party who is trained in facilitation and conflict resolution techniques, such as effective communication and negotiation. The mediator’s role is to facilitate communication between the parties and help them explore options for resolving the dispute. The mediator may offer expert advice and suggest creative solutions, but the final decision is left up to the parties. The goal of mediation is to help the parties find a resolution that works for everyone.
In arbitration, one or more arbitrators hear from all parties involved in a dispute and make a decision to resolve the issue. The parties involved in the dispute must agree to be bound by the decision of the arbitrator or arbitration panel. The arbitrator’s decision can be either binding, meaning that the parties are required to follow it, or non-binding, meaning that the parties are not required to follow it but may choose to do so. In some cases, a panel of three arbitrators is used instead of a single arbitrator, and the panel is chosen by mutual agreement of the parties. The arbitration process is often less formal than a court proceeding and can be a more efficient way to resolve disputes.
The Benefits of Alternative Dispute Resolution
Alternative dispute resolution (ADR) can offer numerous benefits for businesses that choose to use it instead of relying solely on litigation to resolve conflicts. One of the main benefits of ADR is that it allows the parties involved to come to a resolution that considers everyone’s position and tries to find a solution that works for all parties, rather than one party prevailing over the other as can often happen in court. This type of “win-win” resolution can be more practical and flexible than a court decision, as it takes into account the specific needs and concerns of all parties involved. ADR outcomes are often considered to be more adaptable and tailored to the specific situation, making them more effective and satisfying for all parties.
We follow great history of successful recovery and relief for our clients and received many testimonials, references, and appreciation for the timely and commercially fit approach.