The majority of business transactions that take place each year involve financial services institutions. When litigation ensues because of a finance or credit transaction, the benefit of the original bargain is lost due to the high cost of handling legal disputes in the court system. Arbitration is the ideal forum in which to decide legal disputes concerning finance and credit transactions.
Arbitration is good for consumers.
Companies and their customers also report superior quality of decision-making in arbitration because their cases are decided by arbitrators who are experienced retired judges or attorneys and who understand business and contract law. Formed in 1986, the Forum is a nationwide network of retired judges, litigators, and law professors who share the Forum principle that legal decisions should be decided according to established legal principles. All arbitration is not the same. To meet Forum standards, each arbitrator has more than 15 years legal experience and has arbitrated commercial, financial, and business disputes. Each is qualified under local rules in their community and jurisdiction.