Arbitration Questions
1. What is arbitration? b) The potential bias that may occur if a
a) A form of negotiation between parties dispute is heard in one party's home
jurisdiction
b) A court proceeding with a judge
c) The convenience of speaking your
c) A form of alternative dispute resolution native language
where parties submit their case to
impartial third parties d) The familiarity with local arbitration
rules
d) A mediation process without binding
decisions 5. What is a neutral forum?
2. What is the final decision made by an a) A courthouse in either party's home
arbitrator called? country
a) Judgment b) A venue for dispute resolution that is
not associated with either party
b) Award
c) An online arbitration platform
c) Verdict
d) A mediation center run by the
d) Settlement government
3. What is a panel of arbitrators? 6. What does confidentiality in arbitration
a) A group of two arbitrators selected by mean?
one party a) Only the arbitrators know the outcome
b) A group of five arbitrators chosen b) Proceedings and outcomes remain
randomly private, unlike court cases which are
c) A group of three arbitrators where each typically public
party appoints one, and those two select a c) The arbitration clause is kept secret
third
d) Only one party can discuss the case
d) A group of arbitrators from the same publicly
country
7. What is the International Chamber of
4. What does "home-team advantage" refer Commerce (ICC)?
to?
a) A court system for international disputes
a) The cost savings of having arbitration in
your home country b) A world business organization based in
Paris that provides arbitration services
c) A government agency that regulates
arbitration
d) A mediation center in Switzerland 12. What is institutional arbitration?
8. What are delaying tactics? a) Arbitration conducted by government
a) Strategies to speed up arbitration institutions
proceedings b) Arbitration administered by an
b) Methods to reduce arbitration costs established organization that provides
rules and support
c) Strategies used by one party to slow
down arbitration proceedings c) Arbitration that takes place in academic
institutions
d) Techniques to improve evidence
presentation d) Arbitration for disputes involving
public institutions
9. What does "seat of arbitration" determine?
13. What is a signatory in arbitration context?
a) Where the parties must physically
attend hearings a) A witness to the arbitration proceedings
b) Which laws govern the arbitration b) A party that has signed and is bound by
process an arbitration agreement
c) The language used in proceedings c) An arbitrator who signs the final award
d) The cost of arbitration d) A lawyer representing one of the parties
10. What is an expert witness? 14. What does "name recognition" mean for
arbitration centers?
a) A professional arbitrator with many
years of experience a) The legal registration status of the
center
b) A lawyer specializing in arbitration law
b) The reputation and familiarity
c) A professional with specialized associated with arbitration centers or
knowledge who provides testimony to institutions
help arbitrators understand technical
aspects c) The official accreditation by
government bodies
d) A translator who helps with language
barriers d) The number of cases handled annually
11. What does enforceability of arbitration 15. What is Alternative Dispute Resolution
awards refer to? (ADR)?
a) The speed at which awards are issued a) Only arbitration proceedings
b) The ability to have an arbitration award b) Methods of resolving disputes outside
legally recognized and enforced in of formal litigation in courts
different jurisdictions c) Court-supervised mediation
c) The binding nature of arbitration d) International legal procedures
clauses 16. What is local bias?
d) The requirement for parties to pay a) Preference for local arbitrators
arbitration fees
b) Using local laws in arbitration
c) Prejudice or favoritism that may occur d) It has the fastest arbitration procedures
when disputes are heard in one party's globally
home jurisdiction
d) Cost advantages of local proceedings
17. What is an Arbitration Act?
a) An international treaty on arbitration
b) National legislation that governs
arbitration proceedings within a country's
jurisdiction
c) Rules created by arbitration institutions
d) Guidelines for arbitrator conduct
18. What does cost effectiveness in arbitration
refer to?
a) Arbitration is always cheaper than
litigation
b) The relative efficiency and economy of
arbitration compared to litigation
c) Free arbitration services
d) Government subsidies for arbitration
19. What is a neutral arbitrator?
a) An arbitrator who speaks multiple
languages
b) An arbitrator from a neutral country
c) An arbitrator appointed by mutual
agreement of both parties to ensure
complete impartiality
d) An arbitrator who has no expertise in
the dispute area
20. According to the document, what makes
Singapore attractive as an arbitration
venue?
a) Low costs and government subsidies
b) It serves as a neutral forum and SIAC
has become preferred for many Asian
businesses
c) It only uses English language
proceedings
