Causes and Consequences of Faulty Arbitration Clauses
Fuente:
Redalyc
Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad del Rosario
2007
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1876426429508354048 |
|---|---|
| author | Luis Alfonso Gómez Domínguez |
| author_facet | Luis Alfonso Gómez Domínguez |
| contents | Causes and Consequences of Faulty Arbitration Clauses Luis Alfonso Gómez Domínguez Derecho arbitration clauses International commercial arbitration Taking into account the link between arbitration clausesand the process of arbitration, this article first aims toanalyse arbitration clauses, why these clauses are sometimesunconscionable and what are the consequencesof such deficiencies.Companies have to consider that if the arbitration clauseis drafted without a reasonable attention, this provisionitself could be the cause of conflict. Furthermore,unconscionable, invalid and abusive clauses may leadto companies losing money and credibility.To determine the reasons that prompt faulty arbitrationclauses a multi-case study was applied to the research.This approach was chosen owing to the fact that withregard to law it is not possible to find two identical cases.There may be similarities, but the reasons for makingthe deal and the intention of the parties, can vary significantlyfrom one contract to another.During the research a particular comment was frequentlyencountered: There is no perfect clause; it is impossibleto find a perfect clause because every contract is executed according to different needs,circumstances and requirements.Once the research was concluded, it was found that faulty arbitration clauses canbe prompted by drafting mistakes and limitations particular to the arbitration itself.The consequences may vary depending on the magnitude of the error. 2007 artículo científico 0124-0579 https://www.redalyc.org/articulo.oa?id=73390206 en http://www.redalyc.org/revista.oa?id=733 Revista Estudios Socio-Jurídicos application/pdf Universidad del Rosario Revista Estudios Socio-Jurídicos (Colombia) Num.2 Vol.9 |
| format | Artículo científico |
| id | redalyc_73390206 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Universidad del Rosario |
| spellingShingle | Causes and Consequences of Faulty Arbitration Clauses Luis Alfonso Gómez Domínguez Derecho arbitration clauses International commercial arbitration Causes and Consequences of Faulty Arbitration Clauses Luis Alfonso Gómez Domínguez Derecho arbitration clauses International commercial arbitration Taking into account the link between arbitration clausesand the process of arbitration, this article first aims toanalyse arbitration clauses, why these clauses are sometimesunconscionable and what are the consequencesof such deficiencies.Companies have to consider that if the arbitration clauseis drafted without a reasonable attention, this provisionitself could be the cause of conflict. Furthermore,unconscionable, invalid and abusive clauses may leadto companies losing money and credibility.To determine the reasons that prompt faulty arbitrationclauses a multi-case study was applied to the research.This approach was chosen owing to the fact that withregard to law it is not possible to find two identical cases.There may be similarities, but the reasons for makingthe deal and the intention of the parties, can vary significantlyfrom one contract to another.During the research a particular comment was frequentlyencountered: There is no perfect clause; it is impossibleto find a perfect clause because every contract is executed according to different needs,circumstances and requirements.Once the research was concluded, it was found that faulty arbitration clauses canbe prompted by drafting mistakes and limitations particular to the arbitration itself.The consequences may vary depending on the magnitude of the error. 2007 artículo científico 0124-0579 https://www.redalyc.org/articulo.oa?id=73390206 en http://www.redalyc.org/revista.oa?id=733 Revista Estudios Socio-Jurídicos application/pdf Universidad del Rosario Revista Estudios Socio-Jurídicos (Colombia) Num.2 Vol.9 |
| title | Causes and Consequences of Faulty Arbitration Clauses |
| topic | Derecho arbitration clauses International commercial arbitration |
| url | https://www.redalyc.org/articulo.oa?id=73390206 |