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
Principle of statutory provisions: Most of the cases in which the principle has actually been applied appear to fall within one of the following two classes:- 1. Where the

Attorney General However the office of the Attorney simply is established through sec (i) of the constitution. In the public service it is an office.  Appointment of

This activity brings together the ethical issues, concepts, and statutes presented in your readings, lectures, and discussed in your chat sessions. You will select two (2) scenario

Companys objects: A company's objects are stated pursuant to the provisions of an Act of Parliament. It must therefore be deduced, for example, that a company whose object has

Creditors meeting - winding up: The creditors' meeting is convened for the same day at a later time than the members' meeting or it is held the following day.  One of the dire

Variation of class rights of the preference shareholders: This was not a variation of class rights of the preference shareholders.  The company could resolve to go keen on liq

Misfeasance: Under s.324, misfeasance proceedings may be instituted against a director, promoter, manager, liquidator or "officer" (including an auditor) of a company in liqui

Process to illustrate the various spillover effects A Spillover effects specifically for monetary policy in a modified version of the Mundell-Fleming model. This will be done

Part A Approach a small business owner and find out the following: a. What is the legal structure of their business? - Discretionary trust legal structure for an Accounti

Part A A director has a duty to exercise care, skill and diligence at common law and also a statutory duty of care and diligence under s180 (1) Corporations Act 2001 (Cth) in c