Its missions are to maintain market integrity, fight fraud and abuse and resolve disputes through arbitration.
It's scheduled to hear several more this fall, including one case over a federal law that binds consumers when they agree to settle disputes in arbitration, and another that seeks to prevent lawsuits over drugs approved by the Food and Drug Administration.
The justices expressed strong skepticism about the central premise of the case, which is that antitrust lawsuits are so expensive to bring that Amex effectively precluded them by requiring merchants to sign an agreement requiring them to settle all disputes in arbitration.
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Republican lawmakers would resolve such disputes through outside arbitration, saying the Democratic proposal would lead to a rash of lawsuits and drive up health care costs to the benefit of trial lawyers, not patients.
Franchise agreements requiring arbitration of disputes are being challenged by legislation working its way through Congress.
Ms. Pao, like other partners, signed a variety of standard agreements requiring, among other things, that all disputes be resolved through arbitration.
It is true that the system is no longer, if it ever was, a mere bundle of agreements with a procedure for arbitration should disputes arise.
But under the new law, disputes will be submitted to arbitration, which investors like.
Players need three years in the majors before they can demand arbitration of salary disputes, and six years before they can declare themselves free agents.
The tort bar's ship would also come in, including limits on arbitration to settle disputes and watering down the 1995 law limiting strike suits.
Cuomo recently met with some local officials to build support for his proposal to change the binding arbitration law that guides labor disputes.
English-speaking countries boast a strong tradition of settling disputes (commercial or personal) by legally binding arbitration.
However, it confirmed it does not have an independent arbitration system for complaints and customers cannot take disputes to an ombudsman.
It already has a to-do list: Congress has ordered it to study reverse mortgages, private education-loan practices, why consumers who buy credit scores get numbers different from the ones lenders get and whether arbitration is the right way to settle financial disputes.
There is no unified labor code in place and in the past, disputes between workers and factory owners have been settled with government arbitration.
This model from the U.K. may have useful features to provide due process and equal protection to U.S. citizens and legal residents who use Islamic arbitration panels in the United States to resolve their disputes.
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In the United States, the bonus disputes are being fought out on the dual fronts of court and arbitration.
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Congress passed the Federal Arbitration Act in 1925 to encourage litigants to settle their disputes without resorting to full-blown litigation.
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On the other side are the U.S. Chamber, the American Bankers Association and other business interests who say arbitration is a cheaper and more effective way to resolve business disputes.
But other dispute-settling bodies, even in countries known for open governance, are more guarded: for example, the Arbitration Institute of the Stockholm Chamber of Commerce, to which many energy disputes are referred.
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However in May, 2009 an international arbitration tribunal under the auspices of the International Center for the Settlement of Investment Disputes ("ICSID") unanimously ordered that the government of Ecuador and Petroecuador halt seizures of crude oil against Perenco.
That has rendered controversial some things that were once well accepted, like the existence of arbitration services which lighten the burden of the state by providing an alternative arena in which disputes can be settled.
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Under Rule 2130, members and associated persons seeking to expunge from the CRD system information arising from disputes with customers must obtain an order from a court of competent jurisdiction directing such expungement or confirming an arbitration award containing expungement relief.
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