By this contractual method, parties agree to refer to a third party or expert who will make a binding decision under a contract. Parties undertake not to challenge the expert’s report. This binding character will also be respected by the judge in case the matter is later referred to court.
The advantage of a third party decision is to offer a fast and informal solution, less expensive than arbitration and without the uncertainties of court proceedings. This technique enables to complete or modify contracts, to take a decision regarding factual matters, or to resolve a legal conflict.
Our lawyers may intervene as third party decider in conflicts requiring legal expertise in those areas in which we specialize. In case of conflict of interest or for matters outside our area of expertise, the firm can also suggest to refer the matter to other experts who can make a binding decision.
