When firms do not wish to accept the rules of the CIGS,what do they often opt for to settle contract disputes?

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Quizplus · Accepted Answer

When firms do not wish to accept the rules of the CIGS, they often opt for arbitration to settle contract disputes. Arbitration allows the parties to agree on a neutral third party to hear the dispute and make a binding decision. This allows for a more flexible and customized approach to resolving the dispute, rather than being bound by the strict rules of the CIGS. UN involvement is not a common method for settling contract disputes, and collective bargaining is typically used in labor relations. The common law system of the United States and Islamic law may be used in some cases, but they are not the most common alternatives to the CIGS.

When Firms Do Not Wish to Accept the Rules of the CIGS,what