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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