Chapt 3 - 1. What are the risks associated with...

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1. What are the risks associated with arbitration? Why might a company prefer to settle disputes by litigation? What are the advantages of arbitration? The risk associated with arbitration is that you could get a ruling that is from out in left field and it is binding just because you picked the wrong arbitration to preside over the hearing, because with litigation you can go to jury and get a larger settlement and juries normally don’t know about the business like an arbitrator, who normally is any expert in the field. The Advantages of arbitration is that the over all cost is cheaper normally than litigation fees. You don’t have to worry about a crazy jury and the time it takes to process the whole ordeal is shorter than going to court. 2. Why do so many litigants, "like moths to a flame," want to litigate in the United States? The reason why so many litigants like to litigate in the US is because there are very little to no penalty cost to filing a civil claim even if it has just a little bit of validity. And if you can get to a court you have
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Chapt 3 - 1. What are the risks associated with...

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