Buy custom A critical review of the major opposing views on arbitration & industrial relations
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The second defining feature of employee relations is a unitary value system.
The advantages of arbitration are many, these have been highlighted by the ICC (International Chamber of Commerce) International Court of Arbitration on their website, the ICC states, decisions are 'final' and binding', or as described in different terms by Schmitthoff (1990), businessmen prefer 'finality to meticulous legal accuracy'...
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As arbitral awards are not subject to appeal, they are far more likely to be final than the judgment of courts of first instance. Though the arbitral award maybe subject to a challenge, the grounds of challenge are limited. If this occurs, it is likely to result in a large amount of time passing before a final judgment is passed...
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