| S.no |
Procedure |
Arbitration |
Conciliation |
Litigation |
| 1. |
Parties have
liberty to choose the person ('the Neutral') to
adjudicate their dispute |
Yes |
Yes |
No |
| 2. |
Flexibility
of the procedure |
High |
Very high |
Low |
| 3. |
Possibility
of delay in the outcome |
Low |
Very low |
High |
| 4. |
Control
of the parties over the procedure |
High |
Very
High |
Process
determined by rules of the Court and discretion
of the judge |
| 5. |
Control
of 'the Neutral' over the procedure |
Moderate |
None |
None |
| 6. |
Confidentiality
of proceedings |
High
|
High |
None |
| 7. |
Enforceability
of the decision |
Yes
|
The
final agreement drawn up is enforceable as an award |
Yes
|
| 8. |
Scope
for appeal |
Restricted
availability |
Not
applicable since the parties themselves arrive at
a settlement |
Available
|
