AFM231 Chapter Notes - Chapter 4: Counterclaim, Alternative Dispute Resolution, Class Action

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM231
• Professor: x

Document Summary

Reading through the business law in practice (pg. 71) and the following pages will be useful. You should know the general ways in which alternative dispute resolution work. Which are most useful in international business transactions. You should understand the terminology and the key concepts. While you don"t have to remember all the details, much of what appears in section from pg. 82 90 is important to your basic education including the impact on business of class actions. The comparison with the us on pg. Manage dispute with goal: avoiding time-consuming and expensive litigation, preserve desirable long-term commercial relationships. Scenario analysis: delinquent customer: customer refuse to pay its account. Company could sue the group for trespass property -> may be: hacking attempt: environmental activist hack company"s website. If loss is small, not likely to sue, it will affect company"s publicity: pollution incident: company"s operation resulted in discharge of pollutants.