Why Is It Often Easier to Enforce the Awards of Internationally

question 85

Multiple Choice

Why is it often easier to enforce the awards of internationally recognized arbitrators than the judgments of foreign courts?

• A)There is a great deal of suspicion related to foreign court judgments and possible corruption,while arbitration is deemed to be more ethical.
• B)Arbitration awards are viewed as more fair than court judgments.
• C)There are more comprehensive agreements and conventions between nations in place that allow for such enforcement.
• D)The United Nations Commission on International Trade Law requires this enforcement.
• E)The International Chamber of Commerce requires this enforcement.

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Definitions:

Self-efficacy

The belief in one's own ability to succeed in specific situations or accomplish a task.

Albert Bandura

An influential psychologist known for his work on social learning theory, which emphasizes the role of observational learning, self-efficacy, and personality in behavior.

Capability-specific Belief

An individual's confidence in their ability to perform tasks or activities related to a specific domain or skill set.

Punishment

The imposition of a penalty as retribution for an offense or undesirable behavior.