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What is the Russia Arbitration Institute?
Weegy: The Supreme Court of Arbitration of the Russian Federation (Russian: ?????? ??????????? ??? ?????????? ?????????) is the court of final instance in commercial disputes in Russia. [ Additionally, it supervises the work of lower courts of arbitration and gives interpretation of laws and elucidations concerning their implementations, which are compulsory for lower courts. ] User: Evaluated and explained the legal aspects of contracting internationally. Weegy: On July 12-19, 2011, IIFD experts monitored official websites of arbitration courts (those of Russian Federation subjects, arbitration courts of appeal, federal arbitration courts of federal districts, and the Supreme Arbitration Court). [ The websites were monitored according to the IIFD’s Methodology for the Monitoring of Government Bodies’ Official Websites. Totally, 112 official websites were monitored. The monitoring was topically dedicated to placement of contact information, court structure information, and personalia of judges and court office staff. Similar monitoring was held also for general jurisdiction courts; its results presented in June are available here (PDF, in Russian). For each of four categories of arbitration courts, a specific list of monitoring parameteds was developed, based on their competence: 58 parameters for arbitration courts of the Russian Federation subjects, 57 parameters for arbitration courts of appeal, 57 parameters for federal district arbitration courts, and 201 parameter for the Supreme Arbitration Court. The parameters were assessed by such criteria as presence or absence, comprehensiveness, html-accessibility, and file accessibility. The study was performed by means of the EXMO automated informational system. ] (More)
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Asked 2/27/2012 1:18:32 PM
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Evaluated and explained the legal aspects of contracting internationally.
Weegy: There are two basic issues to consider when getting started in import/export: (1) business structure and (2) business contacts. [ Business structure generally refers to and is tremendously determined by your role in the importing and exporting of goods. In the simplest terms and for our purposes, the four major players are defined below: Importer - person or entity that brings in foreign goods or services into the country for its own use, but more often for resale. Exporter - person or entity that sells their own goods or services to foreign buyers. Import/Export Merchant - person or entity who buys goods or services from one country for the purposes of resale in another country. Import/Export Management Company (IEMC)- essentially a person or entity that serves as the middleman in deals between importers and exporters. The person or entity may serve as an import management company (IMC) by setting up deals between domestic businesses and foreign suppliers. Alternatively, the person or entity may serve as an export management company (EMC) by setting up deals between domestic suppliers and foreign buyers. Finally, this person or entity may serve as an import/export management company (IEMC) by setting up deals in both directions. Of the four structures/roles listed above, the IEMC offers advantages particularly for the small business or solo player since there is little need to spend huge amounts of capital to purchase goods first, and then to tie up the capital waiting to sell these goods. The IEMC functions exclusively as the middleman in deal negotiations and profits only when a deal is closed. In this respect, the IEMC must be knowledgeable about trade, good at negotiators, and have an extensive contact list. Once the business structure is determined, the second basic consideration is business contacts, which is especially important for IEMC's and others just starting out in this field. There are four major and preliminary contacts ... (More)
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Asked 2/27/2012 2:51:15 PM
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In your opinion, in which country should the dispute be handled?
Weegy: Which dispute? (More)
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Asked 2/27/2012 3:23:31 PM
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Explained the applicability of the arbitration clause in this setting.
Weegy: Arbitration is a proceeding in which a dispute is resolved by an impartial adjudicator whose decision the parties to the dispute have agreed, or legislation has decreed, will be final and binding. (More)
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Asked 2/27/2012 3:39:19 PM
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What are the advantages and disadvantages for Monarch Associates under the arbitration arrangement?
Weegy: Arbitration is most often used to settle contractual or commercial disputes. [ Rather than going to court or mediation, the parties can agree in advance (in the contract) that Arbitration will be used to settle any disagreements. Many lawyers can, and will, differ strongly on Arbitration?s merits, so don?t be surprised if your attorney disagrees with these comments. If the underlying agreement provides for Arbitration, one of the parties to the contract must file a request for Arbitration and pay the required fee to a group that provides Arbitration services. Often the Arbitration service will suggest an arbitrator or arbitrators to which the parties must agree. The arbitrator may be an attorney, judge, CPA, or businessperson. After the parties have defined their dispute, there will be a hearing, often in the arbitrator?s office, at which the parties present evidence and witnesses in a fairly informal manner without the formal rules of evidence used in court litigation. After the evidence has been presented, the arbitrator reaches a decision and usually later sends the parties a written opinion (an order). Arbitration is usually quicker, simpler, and cheaper than litigation, but to many there is one perceived disadvantage ? no appeal. With a few narrow exceptions, like fraud, there is no way to appeal an arbitrator?s decision. Like litigated judgments, and unlike mediated settlements, an Arbitration order can be enforced in court under laws that allow an Arbitration decision to be entered in the court system and then become a ?judgment.? The prevailing party can collect on the Arbitration order using all available legal collection methods, such as levies on property. The ability to collect an Arbitration monetary judgment through the legal system is one the main distinguishing factors between Arbitration and mediation. ] (More)
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Asked 2/27/2012 4:06:40 PM
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