Arbitration and Conciliation: Arbitration and conciliation are both Alternative Dispute Resolution (ADR) methods used to settle disagreements outside of a traditional courtroom setting. They offer advantages like potentially faster resolution and lower costs compared to litigation. Here’s a breakdown of the key differences:

● Arbitration:

• A neutral third party (arbitrator) hears arguments from both sides and issues a binding decision that is enforceable in court.
• Similar to a court case but with a streamlined process and chosen arbitrator with relevant expertise.
• Suitable for disputes requiring speedy remedy

● Conciliation:

• A neutral third party (conciliator) facilitates communication and negotiation between parties to reach a mutual solution.
• More collaborative approach focusing on compromise and finding common settlement.
• Well-suited for situations where preserving relationships is important, such as family disputes or business partnerships.

M/s My Lord Law Associates can advise you on whether arbitration or conciliation is a suitable option for your specific case and solve the respective issue . We have experienced professionals adept at representing clients in both arbitration and conciliation proceedings.