Lessons to be learned from the case of an undervalued house

摘要

I don't know about you, but I am bored with adjudication. Perhaps the novelty is also wearing off with disputing parties, since the number of adjudicator appointments has tailed off recently. This may be because parties realise that adjudication is not particularly cheap. On the contrary, if you have to do a lot of work on a claim in a very short time, it can be rather expensive. Nor is it particularly reliable. Many adjudicators reach the right answer, although not necessarily for the right reasons. But some don't - and then there is the cost and uncertainty of enforcing or challenging the decision in the courts. Even when they do get it right,that is not necessarily the end of it. More litigation or arbitration may follow, with more cost and uncertainty. So if the punters were thinking that perhaps they'd be better off just skipping the adjudication phase altogether and moving straight into arbitration or court proceedings, who could blame them?