পৃষ্ঠাসমূহ

সোমবার, ১৩ নভেম্বর, ২০২৩

What is the difference between conciliation and arbitration?

What is the difference between conciliation and arbitration?

Arbitration and conciliation are both dispute settlement mechanisms under article 210 of BANGLADESH LABOUR ACT, 2006.

Arbitration:

Conciliation:

· Arbitration is a method to settle disputes by presenting their case to a neutral third party, who subsequently makes a decision and ensures it is followed.

·  Conciliation is when a neutral third party helps the people involved in the dispute come to a solution that works for everyone without litigation.

· Arbitration is a formal process, with countries arguing their case before an Arbitral Tribunal. The Tribunal makes a decision which is legally binding on the parties.

· By contrast, the function of conciliation is to assist countries resolve their dispute amicably, rather than adjudicate between the parties.

·  The arbitrator finally decides over the dispute referred to him.

· The conciliator only persuades the parties to reach agreement

 

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