Featured updates to the 2005 Code of Procedure include a provision to grant arbitrators the ability to value large claims early in the arbitration process and a provision for arbitrators to provide injunctive relief and restraining orders in business-to-business cases.
When they do, we have an obligation to ensure that our Code of Procedure is up to date in light of changes in the law, and that it is fair to both consumers and businesses alike.
Courts have historically upheld the evenhandedness of the National Arbitration Forum's Code of Procedure, holding that it provides "the full range of remedies available under controlling law," that "all legal remedies and injunctive relief are available to the parties," and that "any relief available in a judicial forum would also be available in arbitration (administered by NAF).
NASD(R)) today announced that the Securities and Exchange Commission (SEC) has approved the NASD's new Code of Procedure
and rules governing the admission to membership of broker/dealer firms.
The company intends to seek a full review of the Committee's actions under Article IX, Section 6 of the Code of Procedure
by the NASDAQ Hearing Review Committee (the "Review Committee").
The warning comes after the Authority recently slapped a fine of Dh200,000 against a contracting company for violating the instructions and code of procedures
without seeking the consent of the Consultant and the RTA.
Dubai: The Roads and Transport Authority (RTA) took stringent measures against a contracting company undertaking one of its projects, including the imposition of a Dh200,000 fine for violating the instructions and code of procedures
without seeking the consent of the Consultant and the RTA to do a night-time job.