ISSUES OF LEGAL REGULATION OF ONLINE DISPUTES IN DIGITAL ARBITRATION

Abstract

Digital arbitration is an alternative dispute resolution mechanism, which is mainly implemented through the use of electronic means of communication. Digital arbitration has some advantages compared to traditional arbitration jurisdictions and other ADRs, as it is a fast, cost-effective, and efficient method of dispute resolution. Digital dispute resolution can be an ideal tool for resolving disputes arising from B2B e-commerce transactions, as it provides disputants with a time- and money-saving procedure that can be done without their physical presence and an impartial expert on the subject of the dispute. Currently, there is no effective legal framework designed to fully regulate digital arbitration procedures. Therefore, lawyers are forced to use the rules used for traditional arbitrations. We believe that the development of special legal regulations defining the rules of this procedure will greatly speed up the regulation process in this field.