Arbitration Law Essay Example | Topics and Well Written Essays - 3000 words

Arbitration Law - Essay Example With the rapid strides made by the world financial and business communities, it has become imperative for businesses to have a proven method of resolving business disputes promptly, expeditiously and constructively. When businesses grow and expand it is natural that disputes will arise. In wake of this, parties often favor a private and informal settlement of disputes, in a businesslike fashion that enable them to further their business interests without strangling their business relationship. It is for such occasions that arbitration is designed—for prompt, pragmatic and efficient resolution of disputes. Arbitration is essentially a process of dispute resolution inspired by ones free will where a neutral third party renders a final and binding decision after the concerned sides have presented their views. This method is particularly useful in international business transactions where parties are often unfamiliar with foreign legal systems. The parties may reside in a number o f different geographic locations, each subject to quite different laws and legal systems. Matters get much more complicated if their transactions involve activities in other jurisdictions, where they otherwise have no presence or familiarity. With stark deviations from a judicial procedure, arbitration is conducted outside the court system by disinterested arbitrators selected by the concerned parties based on the criteria that best suit the nature of the contract.

Human Resource Management Research Paper Example | Topics and Well Written Essays - 1500 words

Human Resource Management - Research Paper Example According to Armstrong (2008), with the compilation of the tasks to the human resource department, the scope has also enhanced; hiring, training, etc. all have come well under the umbrella of human resource department. One of the most challenging tasks for human resource department today is the fact that workforce within organization comprises of cross-national individuals i.e. people coming from various backgrounds, cultures, countries, etc. This essay is about how the demographics of a workforce are changing or have changed over a period of last decade or so i.e. identifying the trends and how it poses a threat or otherwise, implying to the human resource management. The following section is about the trends occurring and witnessed amongst the demographics of the workforce at a global scale. The attempt of making the world a global village, in accordance with Mathis (2007), has brought about a lot of changes in the global landscape – particularly there has been a rising trend amongst individuals wanting to move away from their home country in an attempt for enhanced earning, improved life style, and increasing the quality of living for their families in their own regions. As a complement to the same, organizations have also initiated the program of cross boundary hiring, with their own reasons to follow. Firstly, as stated by Bateman (2010) having cross boundary hiring is expensive, which is the downturn of the same; however, in the long run, it is cheaper primarily because in third world countries, very talented human resources are very cheap and easily available. Consider the live example whereby employment posts are held mainly by Asians in countries offering bright prospect of jobs such as UK, US and the Middle East; here individuals get good earnings, mainly due to the currency differential, they earn a lot more then they can do in their home town, and