Choose the odd man out ........

Industrial Relation and labour law Dispute Resolution

Choose the odd man out.

Judgement is often arbitrary and ill - advised as the arbitrators are not well - versed in the economic and technical aspects of industry.

Arbitration deprives labour of its right to go on strike because of the provision in the agreement

Delay often occurs in arriving at the award and settlement of disputes leading to a morale breakdown of the employees

Arbitration is based on the consent of both parties

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Explanation:

Arbitration is always based on a consent agreement between the parties. But the fact that ICSID arbitration is, by necessity, between a host State and a foreign investor leads to some peculiarities in the giving of consent. The most conspicuous peculiarity is that consent agreements need not be based on a document that is signed by both parties.