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Its findings were alarming: Out of a sample of 50 cases, in 27 instances in 23 states, the courts involved allowed the use of shariah to adjudicate the dispute.
CENTERFORSECURITYPOLICY: American Laws for American Courts
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The brokerage industry is unique in that it has been permitted to self-regulate with limited SEC oversight, self-insure through the Securities Investor Protection Corporation, self-adjudicate through mandatory NASD Dispute Resolution arbitration, and even control, through the NASD Public Disclosure Program, the information the public receives about firms.
FORBES: Investigating Brokerages (May 1, 2002 )
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The court will not adjudicate unless two sides agree that a dispute exists.
ECONOMIST: History wars in North-East Asia
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This is especially useful since a secular court would not be permitted to decide a contract dispute, for example, between two parties who had explicitly agreed to adjudicate their disputes according to Jewish law or Catholic canon.
CENTERFORSECURITYPOLICY: Center For Security Policy