Arbitration finds its current legal scope in the Voluntary Arbitration Law (LAV).
Arbitration is a formal process, in which the decision is entrusted to an impartial third party – the arbitrator – and has binding force. The arbitration award is equivalent to the decision of a court of first instance.
Arbitration is, as a rule, voluntary, depending on the willingness of both parties to accept resorting to this means of alternative dispute resolution, either at the time the dispute has already occurred, or in advance, through full membership.