Sentences with phrase «mandatory arbitration system»

In 1976, the Maryland state legislature passed a statute designed to create a mandatory arbitration system capable of handling all medical malpractice claims.

The Unsustainable Quo is a mandatory arbitration system that creates leap frogging of generous public safety contract awards between Nassau and Suffolk counties — to the point now where it costs us an average of two hundred thousand dollars per police officer between salary, benefits and pension costs.

Not exact matches

While the points made by these gentlemen are both valid and critically important, they fail to take note of four other dangerous subsidies: (1) the market perception that the Washington and Wall Street revolving door has rendered these firms immune from prosecution — even for repeated, illegal cartel behavior; (2) the ability to spend billions buying back their own stock, effectively propping up their own share price and bad behavior; (3) self - regulation with compromised bodies creating the market perception and reality of a competitive edge; and (4) Congress and the Supreme Court tolerating Wall Street running its own private justice system (mandatory arbitration) where corrupt acts are kept hidden from public view until they blow up into catastrophic events to the economy.

Mandatory arbitration is an increasingly popular provision in loan agreements that requires parties to resolve disputes through an arbitrator, rather than the court system.

Mandatory arbitration clauses specify a particular type of dispute resolution, excluding resort to the court system.

Should this two - track system be adopted, an ODR provider whose platform offers negotiation, mediation and arbitration services as a continuous process (if negotiations fail, the parties move on to mediation, and if that fails, they move on to arbitration) would have to forewarn consumers that the arbitration stage of the process is or isn't mandatory depending on their country of origin.

As we have discussed in previous posts the main point of contention between the USA and most of Europe as well as Canada, has been whether or not ODR, or rather online arbitration, should be mandatory, meaning that parties in cross-border high - volume / low - value transactions would be denied access to the court system of any given country.