It happens all the time: one developer runs into financial difficulties with its project and another one swoops in, purchases the land and the …
It is now common for the parties to a construction contract to resolve their disputes by arbitration. Arbitration is a private binding dispute resolution method in which the parties have the flexibility to tailor the proceeding for the resolution of the matter including choosing the person that will decide the matter (the arbitrator) and the rules governing the proceeding.
As published in the NRCA’s Northern Construction Connection September 2024 Newsletter and VICA’s e-New.