MGMT 520 Week 7 Assignment; Case Study; Judicial, Alternative, and E Dispute Arbitrators Favoring Creditors

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MGMT 520 - Legal, Political and Ethical Dimensions of Business

Guide for DeVry Students

Table of Contents Question #1 3 Question #2 5 Question #3 7 Works Cited 10

Question #1 What is the difference between arbitration and litigation? What steps in the litigation process are missing in arbitration? Litigationis a process that involves determining issues through a court, with a judge or jury. Civil litigation involves two parties where criminal litigation involves an individual breaking the law. On the other hand arbitration involves two parties in a dispute who agree to work with a disinterested third party in an attempt to resolve the dispute. Here are some differences between litigation and arbitration: Public/Private, Formality The arbitration process is private, between the two parties and informal, while litigation is a formal process conducted in a...

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