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 118 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
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

An electrocardiogram (EKG) wave, a record of the electrical signal as it moves through the conductio An electrocardiogram (EKG) wave, a record of the electrical signal as it moves through the conductio
NANDA international two part format NANDA international two part format
The International Radura Symbol The radura symbol must appear on all irradiated foods The International Radura Symbol The radura symbol must appear on all irradiated foods
International Business: The Challenges of Globalization, 8th Edition International Business: The Challenges of Globalization, 8th Edition
International space station International space station
International Business Management International Business Management
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library