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Benefits of DRC
Benefits of DRC
Independence – DRC is an organization created by non-profit legal entity BAG and professionals. Its governing structure and recordkeeping rules determine full independence of arbitrations and arbitrators.
Flexibility - The parties may agree on and choose arbitration procedures, the language and the number of arbitrators.
Reasonable expenses - cost-saving and reasonably determine is one of the major principles of DRC recordkeeping and it is controlled by the court of DRC.
Quick review – recordkeeping of DRC provides mechanisms of quick review, and the small financial disputes aside for urgent examination of the dispute procedure.
Confidentiality - The arbitration proceedings are closed and confidential.
Quality Control - in advance - before the signature by the arbitrators, DRC’s court checks the formalities of arbitration decision.
Software – DRC’s Secretariat carries out any of the electronic registration and proceedings, which helps to administer the dispute resolution.
Electronic record-keeping - the parties can send the arbitration claim and counterclaim electronically to DRC-'s secretariat by special program placed on the web-site of DRC. Also parties can get acquainted with materials of the case and work related news online, which contributes consideration of the case faster and by lower cost.
Electronic Archive – the secretariat of DRC provides electronic archive of the documents adopted from the parties and created during arbitration proceedings. As a result these documents are stored and are easily accessible for the parties.
arbitration clause – every dispute created within this contract or in connection with it, also every issue about validity and termination about the contract and / or the arbitration agreement, should be submitted to arbitration "Dispute Resolution Center" for review and final decision shall.