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Re: whizzeresq post# 119331

Monday, 07/18/2005 10:10:39 PM

Monday, July 18, 2005 10:10:39 PM

Post# of 433025
whizzer, while I agree with what you have stated, I too wonder one point: why is it called "binding" arbitration as the ICC doesn't have any teeth.

"Once the arbitration provision is in an agreement, parties have no option to instead proceed to court and are stuck with arbitration."

...and THEN THE LOSER (or guy with $15B in cash) GOES TO COURT....


Regards,

Bob




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