arbitration

It's an award given by the arbitrator (or panel of arbitrators) in favour of one of the two contesting parties booth of whom think that they are right and the other party is not right. If either of them KNEW they were wrong, the argument would never have been taken to arbitration So, they argue their case in front of the panel and, after hearing everything that both sides had to say, the panel will say which party should do what and which other party should expect what OK?

so thats arbitration set aside /cancelled?.......does this mean the arguement has been resolved?

yes - the arbitrator is like a referee. The two sides put forward their point of view backed up by facts and the arbitrator makes a decision and says "This is what's going to happen" and then instructs the two feuding parties to pay or to accept goods or to ..... do whatever the arbitrator orders them to do

thank you sir

You're welcome (but, please, less of the "Sir" - it's Mike)

ok Mike

That's better!