A quasi-judicial body is a non-judicial body which can interpret law. It is an entity such as an arbitration panel or tribunal board, which can be a public administrative agency but also a contract- or private law entity, which has been given powers and procedures resembling those of a court of law or judge and which is obliged to objectively determine facts and draw conclusions from them so as to provide the basis of an official action. Such actions are able to remedy a situation or impose legal penalties, and they may affect the legal rights, duties or privileges of specific parties. Such bodies usually have powers of adjudication in such matters as: breach of discipline conduct rules trust in the matters of money or otherwise Their powers are usually limited to a very specific area of expertise and authority, such as land use and zoning, financial markets, employment law, public standards, and/or a specific set of regulations of an agency. The decisions of such a body are often made after a quasi-judicial proceeding, which may resemble a court. There are some key differences between judicial and quasi-judicial bodies, in that: Judicial decisions are bound by precedent in common law, whereas quasi-judicial decisions usually are not so bound; In the absence of precedent in common law, judicial decisions may create new law, whereas quasi-judicial decisions must be based on conclusions of existing law; Quasi-judicial bodies need not always follow strict judicial rules of evidence and procedure; Quasi-judicial bodies must hold formal hearings only if mandated to do so under their governing laws, regulations or agreements; Quasi-judicial bodies, unlike courts, may be a party in a matter and issue a decision thereon at the same time, depending on the specifically governing rules. In general, decisions of a quasi-judicial body require findings of facts to reach conclusions of law that justify the decision. They usually depend on a predetermined set of guidelines or criteria to assess the nature and gravity of the permission or relief sought, or of the offense committed.