Binding Decision

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Binding Decision

1. A decision that binds the parties affected by it and that they may not appeal. A binding decision may be the result of arbitration, the appeal to the highest court possible or a decision by a regulatory agency.

2. See: Binding authority.
References in periodicals archive ?
This year is the last moment in which binding decisions must be taken and actions to achieve the assumed goals have to be started.
The decision-making bodies of PZU have not yet taken at this stage binding decisions regarding the potential transaction.
But he added that the political parties should be aware of constitutional provisions barring parties from discussing or making binding decisions beforehand on possible cases to be tried by the Supreme State Council.
He noted that the three parties are committed to the results of the International Advisory Office which are binding decisions to the three countries.
In 2008, the Specific Claims Tribunal was formed with the power to make binding decisions on Specific Claims, which cannot be settled through negotiations.
BNB underscored that no legally substantiated and binding decisions could be taken about the future of the KTB group before the conclusion of the assessment of the quality of assets and KTB's capital adequacy, adding that the document was due by October 20, 2014.
The Committee also discussed the internal memorandum submitted on a request for advisory services to assess the oil sector in the Sultanate and the discussion of hosting the concerned officials from the Public Authority for Small and Medium Enterprises Development (PASMED) and relevant governmental agencies to follow up the implementation of the binding decisions of the Small and Medium Enterprises Development Symposium, which was held as per the Royal Directives of His Majesty Sultan Qaboos Bin Said at Saih Al Shamikhat in the Wilayat of Bahla.
Valcourt said the agreement was part of an ongoing claims tribunal the Canadian government established in 2008 to make binding decisions in unresolved cases.
Personally, I don't think that the project will help in directly reducing rent prices because there are no binding decisions in this regard that compel owners not to raise prices for an obvious reason," he said.
At a full meeting of the county council, group chairman and executive member for infrastructure and environment Simon Reed told councillors that no final or binding decisions on future service delivery would be made until after next year's council elections in Northumberland.
The author analyzes categories of disputes that have emerged, together with the means of resolving them, primarily emphasizing the compulsory procedures entailing binding decisions found in Section 2 of Part XV of the Convention.