Business Law Deneme Sınavı Sorusu #933007

Which of the followings is the binding characteristic among the advantages of arbitration?


Neutrality.

Flexibility.

Confidentiality.

Expedition.

Enforcement.


Yanıt Açıklaması:

Enforcement: At the end of the arbitration, the arbitral tribunal will issue its decision in the form of an award. The outcome of the arbitral process will be a binding decision and not just a recommendation that the parties are free to accept or reject as they please. In its international enforceability, an award also differs from the court judgment, since the international treaties that govern the enforcement of an arbitral award have much greater international acceptance than do treaties for the reciprocal enforcement of judgments. Therefore, the correct option is E.

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