Among companies

In case of dispute, parties can choose to turn to an arbiter instead of a judge, by including in the contract a specific clause or signing, at a second time, an appropriate submission.

By this way, an arbiter (or a group of arbiters in case of more complex matters) will solve the dispute, applying parameters of law end equity.

There are two types of arbitration: ritual arbitration, that is a private judgment alternative to the governmental one, and the no-ritual arbitration, which decision is binding for parties.

In case of disputes, arbitration should be preferred considering its quickness in solving the procedure, which must end within 180 days following the first hearing.

Moreover, it is important to distinguish between “ad hoc arbitration”, in which parties establish procedure details by inserting a clause in the contract or signing a separated act, and “administrative arbitration”, that is when parties choose to commit the enforcement of arbitral rules to a third part.