When firms do not wish to accept the rules of the CIGS, what do they o

QUESTION

When firms do not wish to accept the rules of the CIGS, what do they often opt for to settle contract disputes?

A. UN involvement

B. Arbitration

C. Collective bargaining

D. The common law system of the United States

E. Islamic law

ANSWER

B
When firms do not wish to accept the CIGS, they often opt for arbitration by a recognized arbitration court, like the International Court of Arbitration of the International Chamber of Commerce in Paris, to settle disputes.