Which type of decision is an arbitrator's award considered?

An arbitrator's award is considered private and final. This means that the decision made by the arbitrator resolves the disputes submitted to them in a definitive manner, and the parties involved are typically bound by that decision without the possibility of appeal, except in very limited circumstances.

Arbitration is intended to provide a quicker and more efficient resolution to disputes compared to traditional court proceedings, and it is often conducted in a private setting, away from the public eye. The privacy aspect ensures that sensitive commercial or personal matters are not made public, protecting the interests of the parties involved.

The finality of the award is crucial as it signifies that the arbitration process has concluded, and parties cannot return to the arbitrator or seek additional remedies unless there are specific grounds for challenging the award set out in the applicable arbitration legislation. This characteristic reinforces the effectiveness of arbitration as a means to resolve disputes, as parties can move forward with certainty regarding the outcome of their case.