Binding third-party ruling


Binding third-party ruling

The procedure

The procedure is straightforward. If the parties reach agreement on who is to be the adviser charged with giving a binding ruling, that person will decide how to approach the process in consultation with the parties involved. Depending on the situation, the adviser visits the parties, holds one or more sessions or deals with the case entirely in writing if the parties’ counsels have managed to reduce the case to a single core element. Since we do not need to engage an external expert, this procedure is often cheaper.

The advantages of a binding third-party ruling


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