Challenging arbitral awards is one of the most important subjects that can be raised in the field of arbitration. This subject has particular importance under the Model Law as although article 34 thereof is defective in many respects, and has been adopted by many jurisdictions, very little academic literature exists on this article. Whilst the book can be useful to judges, arbitrators, lawyers and PhD students in any Model Law jurisdiction, it can also be useful in any jurisdiction considering the adoption of the Model Law. Its importance lies primarily in that challenging awards is a manner by which unfair awards may be resisted, and this maintains the integrity of the arbitration system. This book provides an in- depth analysis, and identifies all the deficiencies, of article 34. Basically, the book argues that the Model Law has failed to recognise appeals to arbitral tribunals of second instance as well as appeals to courts on points of law, and whereas it has also failed to provide sufficient grounds for setting aside arbitral awards, the grounds that it provides were not well formulated by its drafters.
Challenging Arbitral Awards. Challenging Arbitral Awards under the Model Law and Arab and English laws based thereon
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С одной стороны, такой размер опциона будет мотивировать менеджера работать на успех компании. При этом у него не возникнет соблазна манипулировать финансовой отчетностью компании: цифра не столь велика, чтобы ставить на кон свое доброе имя и карьеру. С другой стороны, небольшой процент опционного дохода минимизирует потери менеджера в случае падения котировок. По данным Equilar, в 2006–2007 годах около 50% компаний из ста, включенных в рейтинг S a dard&Poors, внесли существенные изменения в свои системы стимулирования. В их числе компания Microsof , которая во всем мире заменила классический s ock op io pla на программу получения бонусов, конвертируемых в акции Microsof (s ock awards). S ock awards – менее рискованная для участников программы. Независимо от того, что произойдет на фондовом рынке, сотрудники окажутся в плюсе: каждому сотруднику гарантирован доход от владения акциями компании. Это происходит из-за того, что сотрудники не выкупают у компании акции по фиксированной цене, тем самым играя на разнице курсов покупки и продажи. Срок действия данной программы рассчитан на пять лет.
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