Disadvantages of arbitration, Business Law and Ethics

Disadvantages of Arbitration

  1. First is, Arbitral awards have no precedential value as that they cannot be relied on in subsequent proceedings
  2. Second is, Arbitration is characterized through the danger of miscarriage of the likelihood of justice particularly when the arbitrator is not a legal or certain expert
  3. Third is, Arbitrators exercise unregulated discretion and thus the danger of power of abuse
  4. Forth is, Arbitrators are more susceptible to manipulation the judges and the magistrates
  5. Fifth is, the fact that proceedings are conducted in private might raise suspicion.

 

Posted Date: 1/21/2013 8:04:25 AM | Location : United States







Related Discussions:- Disadvantages of arbitration, Assignment Help, Ask Question on Disadvantages of arbitration, Get Answer, Expert's Help, Disadvantages of arbitration Discussions

Write discussion on Disadvantages of arbitration
Your posts are moderated
Related Questions
QUESTION 1 Discuss the possible defences available to a trustee in proceedings for breach of trust QUESTION 2 Consider the legal differences between a custodian and a m

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

The UNCLOS 1982 The UNCLOS 1982 does not stop at gauging the limits of the territory of coastal states. Other features of the Convention include the right of transit of landloc

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

QUESTION 1 One of the main ingredients of a system of collective bargaining is the right to join and participate in the activities of a trade union. What is the extent of this

Read the newspaper report from  The International Herald Tribune, starting on page  2 of this assignment, and answer the following questions:  1. What is the general notion behi

Resolutions: A meeting reaches a decision by passing a resolution.  There are two kinds of resolution, ie. (a) an ordinary resolution which is carried by a simple majority

What is meaning of Relative Price Effects This final linkage occurs when there is free exchange rate between countries, which means the exchange rate is allowed to appreciate o

what ethical issue relate to nuclear energy industry

Involuntary Restraints - Law of Contract Although these are restraints imposed by professional bodies and trade associations at their members to certain purposes as e.g. enhan