What are advantages and disadvantages of arbitration in international Essay

What are advantages and disadvantages of arbitration in international law Discuss - Essay Example Out of the necessity to find a systematic way to resolve business problems alternative dispute resolution systems (ADR) gain tremendous popularity. The most common and utilized ADR is arbitration. This paper studies international arbitration law by analyzing how it works and providing examples of real life arbitration cases. It provides insight into the advantages and disadvantages of utilizing arbitration to resolve conflict in international business affairs. Arbitration is a relative new concept in the modern business world. One of the first cases in which arbitration was utilized in a business transaction in the 20th century occurred in 1943. In that year the New Your City Council Claims’ Manager Council appointed a committee to as an arbitration board to resolve to arbitrate certain automobile physical damage subrogation claims dispute that arose among the members of the council (Arbfile, 2002). Arbitration had been utilized previously to find peaceful resolutions to war conflicts and by diplomats to solve problems between nations. Contrary to common beliefs the roots of the utilization of arbitration were not planted in this century, they date back thousands of years. Alexander the Great utilized arbitration as a means to settle territorial disputes arriving from a peace treaty he had negotiated with the Southern States of Greece in 337 B.C. (Massey). Current and past history demonstrates that arbitration has always been a com monly utilized method to find resolution to problems involving countries and territories around the world. Arbitration cases in business disputes involve two parties with a problem in which neither of them whishes to take the case to court and are unable to resolve the problem themselves. In order to find a solution the parties decide to delegate the responsibility of finding a solution to a person or panel of people. The

Critical and evaluative intellectual biography of Jean-Noel Kapferer 3 Essay - 1

Critical and evaluative intellectual biography of Jean-Noel Kapferer 3 articles - Essay Example Although many managers feel that investment in luxury business is one of best ways to remain profitable, they fail to understand the nature of the products and the best way to approach the market to optimize organization profits. Through a series of research based articles, Kapferer eliminates the vagueness that hinders understanding of luxury brands and provides an approach to invest in luxury business by analysing the client behaviour and their purchasing patterns. Through creation of brand awareness, Kapferer has managed to influence the contemporary business strategies. A close analysis of Kapferer’s contribution the design of the luxury brands will show his great influence in the business market. The main area of focus of Kapferer has been in modern business, especially in the branding of luxury brands. He has dedicated a number of his works to the luxury market that for long has become vague, putting the managers at the risk of failure in this market. His strong background in business is linked to his great experience and knowledge in the field of business. Kapferer is MBA holder from HEC Paris and PhD in North-western University in USA. Currently, he serves as a professor as HEC Business school, one of the schools that have won the first position among Europe business school. Overtime, Kapferer has developed the skill of indepth and critical analysis of brands with the aim of providing product design strategies that can be applied in the practical business environment. He has produced a number of books in different languages that have become brand icons in the business environment. His experience as a business consultant in the international business environment has contri buted to his influence in the business environment (Kapferer, 1996). Having identified the vagueness that exists in the understanding of luxury products, Kapferer seeks to provide disambiguation through an in-depth analysis of the factors