Disadvantages of arbitration, Business Law and Ethics

Assignment Help:

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.

 


Related Discussions:- Disadvantages of arbitration

Principles applicable regarding the unjustified termination, QUESTION 1 ...

QUESTION 1 (i) What are the principles applicable regarding the unjustified termination of a contract of employment (ii) What would be your views regarding the legal issues

Declaration of solvency, DECLARATION OF SOLVENCY:                     ...

DECLARATION OF SOLVENCY:                                       A voluntary winding up is a members' voluntary winding up only if the directors make and deliver to the regist

Legal liability for laboratory accidents, LEGAL LIABILITY FOR LABORATORY AC...

LEGAL LIABILITY FOR LABORATORY ACCIDENTS IN EDUCATIONAL INSTITUTIONS : As mentioned in some of the earlier sections, law is not directly available to decide legal liability for la

Executed consideration - types of consideration, Executed Consideration - T...

Executed Consideration - Types of Consideration Actually Executed consideration is constituted through something done by the plaintiff because to a promise made with the defen

What is policy - enumerate the various sources of policy, Question 1: W...

Question 1: Why are some activities organized through private collective action, that is, the market whereas other activities are organized through public collective action?

Define power, 1. How does the Melian dialogue represent key concepts such a...

1. How does the Melian dialogue represent key concepts such as self-interest, the balance of power, alliance, capabilities, empires and justice? Athenian leaders arrive on the is

Statutory report - meetings and resolutions, Statutory report - meetings an...

Statutory report - meetings and resolutions: Contents of the statutory report.  Section 130(3) provides that the statutory report shall be certified by not less than two direc

Explain about international civil aviation organization, What is Internatio...

What is International Civil Aviation Organization The Chicago Convention on International Civil Aviation 1944 governs and regulates the laws of air space and outer space. Furth

Non-accepting shareholders, Non-accepting shareholders: Acceptance on ...

Non-accepting shareholders: Acceptance on the required scale must be obtained within a maximum of four months from the date of the offer.  The position then is that: (a) at

Sale of goods act, 15 cases under sale of goods act within the year 2000- 2...

15 cases under sale of goods act within the year 2000- 2016?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd