Disadvantages of arbitration, Business Law and Ethics

Assignment Help:

Disadvantages of Arbitration

First is, Arbitral awards have no precedential value as that they cannot be relied on in subsequent proceedings
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
Third is, Arbitrators exercise unregulated discretion and thus the danger of power of abuse
Forth is, Arbitrators are more susceptible to manipulation the judges and the magistrates
Fifth is, the fact that proceedings are conducted in private might raise suspicion.

Related Discussions:- Disadvantages of arbitration

Matters and reports, Matters and Reports: The matters and reports to b...

Matters and Reports: The matters and reports to be stated in a prospectus may be summarised as follows: 1. The Matters The matters to be stated in a prospectus are:

Illegality - law of contract, Illegality - Law of Contract Therefore a...

Illegality - Law of Contract Therefore an agreement to constitute a legally enforceable contract then it must have been entered into to a lawful purpose. But an agreement to

Business law, Jerry contracted with Sally to purchase Sally’s Restaurant fo...

Jerry contracted with Sally to purchase Sally’s Restaurant for $50,000ion #Minimum 100 words accepted#

The employment rights act (eria) provides a prescribed form, QUESTION (...

QUESTION (a) Under the UTM Regulations, an unsatisfied student can entertain an academic appeal within 10 days from the date he gets his result. X gets his result on the 3rd of

Capacity - element of contract, Capacity - Element of Contract Capac...

Capacity - Element of Contract Capacity to Contract However 'capacity' may be described like the legally documented right of a person to enter with a legally binding ag

State the theory of international antitrust, State the theory of internatio...

State the theory of international antitrust A fourth approach is the allocation of jurisdiction over conduct with multijurisdictional effects to one agency by another agency th

Calls on contributories, Calls On Contributories: ...

Calls On Contributories: Every person who is a member of the company at the commencement of winding up and every past member is in princi

Public law and private law, Public Law: Whether it contain of those fi...

Public Law: Whether it contain of those fields or branches of law where such the state has an interest as the sovereign egg criminal law, administrative law, constitutional l

Sudanese company, Both Sudan and the US are signatories to the "New York Co...

Both Sudan and the US are signatories to the "New York Convention." A Sudanese company has won its case in a Sudanese arbitration panel. The U.S. company has declined to pay this

Importance of sound public opinion in public policy making, Question 1: ...

Question 1: "Defining the problems of society and ensuring that they are placed on the governmental agenda constitutes the most important stage of policy making process." Discu

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages