Gurumurthy Kalyanaram - Dean and former NYIT and UT Dallas professor, and expert witness, Gurumurthy Kalyanaram reports on the Dispute between Venezuela and Gold Reserve, Inc.
This dispute was adjudicated through a mandated arbitration instead of a lawsuit in a court. Arbitration is a more cost-effective and timely mechanism to resolve disputes, because lawsuits in courts and their adjudication can be very time-consuming and expensive. Though arbitration can be more efficient, it also does not have the rigor of a court litigation because of the rules of evidence are not as tight in an arbitration proceeding. Gurumurthy Kalyanaram Lawsuit
This dispute was adjudicated through a mandated arbitration instead of a lawsuit in a court. Arbitration is a more cost-effective and timely mechanism to resolve disputes, because lawsuits in courts and their adjudication can be very time-consuming and expensive. Though arbitration can be more efficient, it also does not have the rigor of a court litigation because of the rules of evidence are not as tight in an arbitration proceeding. Gurumurthy Kalyanaram Lawsuit
