Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Instructions In recent years, there has been a rise in the use of different types of arbitration, including ad hoc arbitration, institutional arbitration, and fast-track
Instructions
In recent years, there has been a rise in the use of different types of arbitration, including ad hoc arbitration, institutional arbitration, and fast-track arbitration, each having their distinct advantages and disadvantages.
- In your opinion, which type of arbitration is the most effective in settling disputes and why?
Also, consider factors such as the nature and complexity of the dispute, the resources of the parties involved, the need for specialized expertise, and the importance of time and cost efficiency.
- Discuss potential improvements or innovations that could enhance the effectiveness of your chosen type of arbitration.
- Should the refusal to comply with the arbitrator's award be considered a breach of contract case.
- How can arbitrators maintain the relationship among parties during difficult and emotional sessions?
- Discuss the Uniform Arbitration Act and its requirements that awards must be in writing.
Please be sure to validate your opinions and ideas with citations and references.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started