I'm fairly against arbitration and I'm fairly certain it's much more limited here in Canada.
In this particular story, what strikes me is the amounts being discussed. 1 million dollars isn't chump change to anyone. If we have to have arbitration, there should be a hard legal limit on how much they can arbitrate when a physical person is involved. Also it should be limited to financial matters, forcing any other matter (discrimination etc) to be settled privately seems... wrong.
>In this particular story, what strikes me is the amounts being discussed. 1 million dollars isn't chump change to anyone. If we have to have arbitration, there should be a hard legal limit on how much they can arbitrate when a physical person is involved.
Two points:
1. 1 Million is chump change to UBS.
2. It was class-action. More parties = More money. He wasn't in it just for himself.
In this particular story, what strikes me is the amounts being discussed. 1 million dollars isn't chump change to anyone. If we have to have arbitration, there should be a hard legal limit on how much they can arbitrate when a physical person is involved. Also it should be limited to financial matters, forcing any other matter (discrimination etc) to be settled privately seems... wrong.