Natural justice and commercial arbitration
Article Abstract:
Australia's Commercial Arbitration legislation has set up an alternative dispute resolution procedure in which the requirements of natural justice or procedural fairness are met. The more formalized requirements of the Rules of Court have not been imposed in arbitration because this would essentially establish that process as a copy of court procedure. Arbitration is based on the right of individuals to enter freely into contracts, including contracts as to how disputes will be resolved. Within the framework of procedural fairness arbitrating parties may decide on their own process.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1993
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Arbitration may face last inning
Article Abstract:
The agreement between the professional baseball players' associations providing for arbitration on baseball players' salaries expires on Dec 31, 1993. Baseball team owners would like arbitration to end, while the players want it to continue. Arbitration results from the late 1980s show that large salary increases resulted for all players who went to arbitration, but some feel that the free agency system rather than arbitration has been the main reason for the large increases in players' salaries. It is unlikely that baseball revenues will be able to keep pace with salaries.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
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CEOs, boards battle over severance; Sunbeam, Lilco face fallout from compensation deals
Article Abstract:
Sunbeam Corp CEO Albert J. Dunlap, the subject of so much press attention for downsizing that he is popularly known as "Chainsaw Al," has been dismissed after Sunbeam's sales and earnings fell. He is suing Sunbeam for denying him severance pay even though he had renegotiated his labor contract to include such pay before the dismissal. Sunbeam believes whether the labor contract was made in good faith given the company's poorer-than expected earnings and the fact that it was renegotiated shortly before the dismissal justifies the denial.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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