4 ms·
The use of an approach based on Letters of Credit entail clasuses that compel arbitration. That means there must be "Principled Documents" available that will s
by jbottoms 7y ago
The use of an approach based on Letters of Credit entail clasuses that compel arbitration. That means there must be "Principled Documents" available that will support a court case in the event the arbitration process fails. Further, it is now seen that there are weaknesses in arbitration jurisprudence that allow either party to reneg on payments to the arbitrator; in which case the judge must dismiss the case. (Harvard Negotiation Law Review). It is not clear if the arbitration process will be modified (read: repaired). In effect, Amazon is asking to ignore precedent jurisprudence.