Question: When a third party makes a binding decision in the matter under dispute. This ADR is commonly used in resolving disputes related to international trade

When a third party makes a binding decision in the matter under dispute. This ADR is commonly used in resolving disputes related to international trade agreements. This ADR is most similar to litigation, but cheaper.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

1. A sophisticated client is confident, knowledgeable and very up to date. o True o False 2. The law protects you from people who try to take advantage of you. o True o False 3. The law is...

CHAPTER 3 The Changing Environment of Management: Diversity, Global Economy, and Technology 1. T F Company loyalty is said to rank low on generation Y's list of what is important in life. Ans: True...

PLEASE READ AND ANSWER QUESTIONS AT THE BOTTOM IN A PARAGRAPH. Perhaps as children people fought with their siblings or with others over whose turn it was to play with a certain toy, or argued with...

PART 3 Transactional Law: Creating Wealth and Managing Risk Chapter 8 Dispute Resolution: Jurisdiction, Litigation, and ADR Chapter 9 Contracts for the Internet and Tech Sectors Chapter 10 The...

Hey i need help with this, use the 2 repports that i have attatched to answer, will give tip if done fast UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ANNUAL...

A RT IC L E S Conflict Resolution in the Workplace: What Will the Future Bring? David Brubaker Cinnie Noble Richard Fincher Susan Kee-Young Park Sharon Press Collaborative processes to resolve conict...

Please open the attached file and answer only questions 9 and 10. one and ahalf page ISSUES IN ACCOUNTING EDUCATION Vol. 27, No. 2 2012 pp. 441-459 American Accounting Association DOI:...

Arbitration or litigation Abstract Arbitration is programmed in such a way that from the beginning to the end. The time frame is known and agreed by the parties based on party's agreement which is...

Concordia University Libraries CITATION GUIDES APA Citation Style This guide provides a basic introduction to the APA citation style. It is based on the 5th edition of the Publication Manual of the...

What is a virtual tape system and what is it used for?

Find the mean and the variance of the sampling distribution of Y1 for random samples of size n from the population of Exercise 8.46.

What was the Anaconda Plan during the Civil War? Scott's plan to only use the Navy to defeat the rebelling states Scott's cautious strategy had a three - phase plan of exhaustior Scott's plan to...

Note: This problem is for the 2018 tax year. Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social...