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Which of the following is an essential element in voluntary arbitration?
Subsequent attendance of witnesses and investigations
Industries of strategic importance are involved
Country is passing through grave economic crisis
All of the above
Except for option "a" all are the situations when compulsory arbitration is imposed on the disputing parties.
The essential elements in voluntary arbitration are : 1. The voluntary submission of dispute to an arbitrator. 2. The subsequent attendance of witnesses and investigations. 3. The enforcement of an award may not be necessary and binding because there is no compulsion.
By: Yachna ProfileResourcesReport error
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