👉 "Arbitr" is a term that refers to a person or organization who acts as an impartial third party in disputes, often involving property rights and legal issues. This could include individuals, organizations, or governments in various contexts, such as resolving land disputes, negotiating contracts, or mediating conflicts between different parties. In the context of law, arbitrage is the practice of using a third party to resolve a dispute by finding a mutually beneficial solution that benefits all involved parties. It can be used