The scale and complexity of many construction projects, which is often exacerbated by the sheer number of parties involved, make disputes likely to occur.
The effect that a dispute can have on the progress of construction can be catastrophic. Our construction team understand this and adopt an innovative and dynamic approach to dispute resolution.
Litigation through the court system can be costly and protracted. Myerson’s construction team are experienced arbitration practitioners and recognise that arbitration can be an efficient and preferred method of resolving a dispute, particularly where there is a need for confidentiality or there is a cross-border element involved.
Arbitration is a binding form of Alternate Dispute Resolution in that either a sole arbitrator or a panel of arbitrators will make a decision that is binding on all parties to the dispute, from which there are only limited avenues of appeal.
It is common for construction contracts to provide arbitration as the method of dispute resolution. In such cases, the parties are bound by the forum of arbitration. Our meticulous attention to detail, when drafting construction contracts at the outset, means we tailor the contractual mechanism for resolving disputes to the forum which is best suited to our client’s commercial interests.
When a construction dispute goes to arbitration the stakes can be high. It is important, therefore, that you are represented by lawyers who are equipped with the resources, experience and knowledge to secure a prompt and successful resolution.