The governments all around the world are probably in favor of it, because their big “donors” want it and it lowers costs for the judicial system for them. It’s a win-win from their perspective.
The real reason for arbitration is that it usually costs hundreds to initiate and the rules can be murky. In comparison most places in America you can file a small claims suit for $20 and are given help by the court/government.
I hadn’t considered small claims (though I’ve filed, and won, several small claims cases myself).
It would be great to teach people how to use the small-claims system - Imagine these companies having to deal with these courts in every state.
They’d probably default (not show up), and have judgements against them, then the complainant would be stuck trying to enforce the claim (it’s not automatic). In the end, Corp would see this as a win… Until it became a news story that “Corp X has hundreds of unresolved judgements”
I am sure everybody’s situation is different but luckily for me as a New York Resident, between long arm statues and the interconnectedness of banks/Wall st everybody has to pay or forfeit their bank access 🤣
The governments all around the world are probably in favor of it, because their big “donors” want it and it lowers costs for the judicial system for them. It’s a win-win from their perspective.
The real reason for arbitration is that it usually costs hundreds to initiate and the rules can be murky. In comparison most places in America you can file a small claims suit for $20 and are given help by the court/government.
I hadn’t considered small claims (though I’ve filed, and won, several small claims cases myself).
It would be great to teach people how to use the small-claims system - Imagine these companies having to deal with these courts in every state.
They’d probably default (not show up), and have judgements against them, then the complainant would be stuck trying to enforce the claim (it’s not automatic). In the end, Corp would see this as a win… Until it became a news story that “Corp X has hundreds of unresolved judgements”
I am sure everybody’s situation is different but luckily for me as a New York Resident, between long arm statues and the interconnectedness of banks/Wall st everybody has to pay or forfeit their bank access 🤣