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Some Firms and Lawyers Inexperienced in the Practice of International

question 54

Essay

Some firms and lawyers inexperienced in the practice of international commercial arbitration consider arbitration clauses in a contract as "any other clause." This can be a gross misunderstanding of the clauses.Why are these clauses different and so significant?

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Definitions:

Employee Characteristic

Attributes or qualities of an individual worker, such as skills, attitudes, and behaviors, that can impact job performance.

Talent Management Culture

An organizational culture that emphasizes the strategic management of talent resources to ensure attraction, retention, and development of the best employees.

CEOs

Chief Executive Officers; the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Succession Management

A strategic process of identifying and developing internal personnel with the potential to fill key leadership positions within the organization.

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