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Arbitration bodies have the same basic goal: to render efficient and enforceable decisions. But they have quite different ways of doing it. Some require a "reasoned" award, which can result in 60- to 70-page opinions similar to those of courts. Others issue brief opinions or none at all, even in cases where hundreds of millions of dollars are at stake. When the parties can decide, the choice is often based on cost and enforceability.
May 03, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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