Audio By Carbonatix
The Lead Consultant for Robert Smith Law Group, Bobby Banson, says choosing to settle a matter using an arbitration process allows for more privacy and confidentiality unlike court proceedings.
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute.
According to Mr. Banson, this approach not only settles disputes but also protects the interests of both parties, as not many individuals will have knowledge about the issue.
Speaking on Joy News' "The Law" on April 14, regarding the advantages of arbitration, he explained that all parties involved in this process are guaranteed privacy, unlike the court process where anyone can file a Right To Information (RTI) request to be informed about a legal matter.
“With court, your matter is out there, any person can walk to the courtroom to listen to your case but with the arbitration, you decide who sits in the course of proceedings and so even the award is not published except with the consent of the parties.
“So if I start arbitration with Samson, nobody else will know that I have an arbitration with Samson but if I have a court case with Samson anybody can go to the registry and do a search; is there a case involving Samson Lardy Anyenini? Can I get copies of all the processes that is filed? RTI bill will entitle the person to get it but with arbitration, no,” he said.
Additionally, he added that even after the final judgement, individuals would not have to bother about the verdict making it to the public domain, as no unauthorized publication can be made without the consent of the parties.
“You cannot publish anything relating to the arbitration, not even the final award unless with the consent of all the parties,” he added.
The consultant stressed that due to the nature of arbitration, many multilateral corporations prefer to resolve their disagreements using that route.
Latest Stories
-
Ghana tilting towards the abyss while waiting for doomsday
19 minutes -
Pragya and tipper truck head-on collision claims teacher’s life at Asante Mampong
42 minutes -
10 illegal miners remanded into prison custody for mining under ECG high-tension poles
1 hour -
House of Chiefs urges Ghanaian workers to commit to environmental protection
1 hour -
OSP saga: A legal analysis demonstrating that A-G authorization was long granted
2 hours -
Fifth unit at Akosombo goes live as grid recovery nears final stages
2 hours -
WAJESHA condemns SA xenophobic attacks, warns of growing public and mental health crisis
2 hours -
The human face of digital finance and its hidden cost
2 hours -
PRESEC-Legon 2020 NSMQ star Benjamin Nketsiah wins award for breast cancer detection project
2 hours -
Banksy confirms he’s behind statue in central London
2 hours -
Capital access takes centre stage at 3rd women in business dialogue in Kumasi
2 hours -
Dr Zanetor Agyeman-Rawlings elected 2nd Deputy President of Pan African Parliament in South Africa
2 hours -
Atwima Nwabiagya, GAYO sign MoU to cut reliance on Oti landfill
3 hours -
Aboakyer Festival reflects unity, heritage and enduring leadership – MTN
3 hours -
Former GWL MD begins constituency tour ahead of Savannah NPP chairmanship race
3 hours