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Author Question: Why is international arbitration a better way to settle international contract disputes than ... (Read 115 times)

HudsonKB16

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on: Jul 26, 2018
Why is international arbitration a better way to settle international contract disputes than litigation?
 
  What will be an ideal response?

Question 2

What would be a reasonable percentage that a contract could be changed by an owner without it being a cardinal change and why?
 
  What will be an ideal response?


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parker125

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Reply #1 on: Jul 26, 2018
Answer to Question 1

International arbitration is a better method for settling disputes than litigation because it involves arbitrators from nations other than a host nation (the nation of owners) and the home nation of contractors. If litigation is used to settle contractual disputes it may only be carried out in the host nation or the choice of law nation stipulated in the contract.

Answer to Question 2

A reasonable percentage that a contract could be changed by an owner without it being a cardinal change is ten percent.


HudsonKB16

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Reply 2 on: Jul 26, 2018
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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