Arbitration of Investment Disputes - A Turkish Perspective Essay

Arbitration of Investment Disputes - A Turkish Perspective - Essay Example The arbitrator can  be a third reliable party between the two opponents. They make a decision outside the court of law and predominantly decisions made by the arbitrator are final and binding. So, arbitration is an â€Å"Alternative Dispute Resolution† technique used by two conflicting parties to resolve their dispute without getting into legal (court) formalities. In big investments where the government, big corporate and financial institutions deals within country or internationally, dispute arises because of company policies, changing e theonomy, conditions of countries, policies of both parties countries dealing with, political environment, etc. ‘Investment Arbitration’ is a policy for economic development and prosperity supported and backed by economic policies by setting up independent disciplines for the development and civilization of institution by enforcing good governance with effective, efficient and disciplined economic reforms which ultimately results in better investment conditions and environment and development of policies for investors protection. 1 So, arbitration of investment dispute is a perfect path of resolving an international dispute among two opponent parties with the help of an arbitrator for the quick decision, it may be between two individuals or individual with the government, financial institutions, corporate or any two parties. The primary source for information for investment arbitration is regional and bilateral investment treaties which are according to United Nation Conference on Trade and Development (UNCTAD). Till now there are 2,500 treaties and it is increasing by 50 to 100 in numbers every year. This is primarily because of the growing number of law firms. IISD is an authorized institution for reviewing and revising the main rules of arbitration.

Discussion board 3 - Research Design Class Essay

Discussion board 3 - Research Design Class - Essay Example According to Chathoth and Olsen (2003), creation of value from coalition has led to customer loyalty because loyal customers base their decisions on value-creation that results from strategic alliance. Coalition allows customers to operate in a business circle made up of their preferred service providers. Customers who were initially loyal are further motivated because they are able to earn points and benefits from the business coalition. This is because some loyalty programs give visa cards in which customers are able to get rewards for their purchases within the alliance. Loyal customers make more purchases as compared to those who are non-loyal and have low tendencies of shifting to a competitor brand. Therefore, it is advisable for business owners in the hotel industry to apply strategic alliance as a way of maintaining their customer loyalty. Creation of value is the main driving factor behind the success of businesses coalitions thus hotel owners should get to know business par tners who are able to appeal and satisfy their customers. When seeking to determine how strategic alliances impact customer loyalty, a specific hotel can be used for case study. Based on the results of a case study, it may always be assumed that under almost similar conditions, the results would apply to other hotels.