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Articles Tagged: Online Dispute Resolution

Browse 2 articles related to Online Dispute Resolution

Challenging a Bank-Appointed Sole Arbitrator in Lender-Borrower Disputes
Debt Resolution
4 min read

Challenging a Bank-Appointed Sole Arbitrator in Lender-Borrower Disputes

The ideology behind incorporating Alternative Dispute Resolution (ADR) into the legal mainstream is twofold. First, it aims to provide speedy redressal for various legal issues that arise between parties. Second, it seeks to prevent courts from becoming overburdened with such cases. However, a fundamental pillar of ADR is the mutual consent of both parties; if this consent is vitiated, the structure of ADR is compromised.

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How Sole Arbitrators Handle Disputes in Loan Agreements
Debt Resolution
3 min read

How Sole Arbitrators Handle Disputes in Loan Agreements

Lenders are increasingly including clauses in loan agreements that mandate Online Dispute Resolution (ODR) for any disputes arising between them and the borrower. While ODR offers a faster and potentially cheaper alternative to traditional court cases, these clauses often come with a twist: the option of a sole arbitrator chosen by the lender. This raises concerns about fairness and transparency in dispute resolution for borrowers.

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