This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why is international arbitration a better way to settle international contract disputes than ... (Read 49 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parker125

  • Sr. Member
  • ****
  • Posts: 332
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

  • Member
  • Posts: 535
Reply 2 on: Jul 26, 2018
Thanks for the timely response, appreciate it

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

NANDA international nursing diagnosis 2 NANDA international nursing diagnosis 2
Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, interior, New York. Eero Saarinen, TWA Terminal, John F. Kennedy International Airport, interior, New York.
Divorces are often messy. To settle the question of who gets the house, a couple in Cambodia sawed ... Divorces are often messy. To settle the question of who gets the house, a couple in Cambodia sawed ...
Region’s Culture in International Context Region’s Culture in International Context
Climate change by international treaty Climate change by international treaty
Henrik, a Canadian hockey player, agreed to a contract where he was to receive S30,OOO 00 in 3 ... Henrik, a Canadian hockey player, agreed to a contract where he was to receive S30,OOO 00 in 3 ...
Video: The Vestibular System

For a complete list of videos, visit our video library