Ask Question
1 October, 12:22

In the context of statutorily mandated arbitration, why has arbitration become widespread during the last few decades?

+1
Answers (1)
  1. 1 October, 15:00
    0
    Arbitration refers to a type of alternative to dispute resolution; it involves resolving of disputes outside courts. In this type of dispute resolution, arbitrators consider the case of each party and render arbitral award which is legally binding and enforceable in courts.

    Arbitration has become widespread in the last few decades due to the fact that the law may require the disputing parties to take their case to arbitration. For instance, some states in America have laid down statues that demand that some dispute types have to be submitted to arbitration.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the context of statutorily mandated arbitration, why has arbitration become widespread during the last few decades? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers