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Arbitration Board

   Also found in: Financial 0.01 sec.
Arbitration Board 

a board whose members are chosen by the parties to a dispute in order to resolve the dispute. In the USSR, the Foreign Trade Arbitration Commission and the Maritime Arbitration Commission settle disputes through arbitration. Arbitration boards for resolving disputes between citizens may be formed in accordance with the Statute on Arbitration Boards, included as an appendix in the codes of civil procedure of the Union republics. Arbitration boards for resolving economic disputes between socialist organizations are formed and guided by the Statute on Arbitration Boards, approved by a directive of Gosarbitrazh (State Arbitration Board) under the Council of Ministers of the USSR of Dec. 30, 1975.



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Antonio Cassano remains a Sampdoria player after an Italian league arbitration board ruled on Thursday that his salary should be cut by 50 percent, but that his contract could not be cancelled.
In case of disagreement, a report will be made and the Conciliation Board made up of the Head of the High Arbitration Board and four scholars will step in.
But he appealed to the Italian League's arbitration board, who not only ruled in his favour, but also ordered Lazio to pay damages and legal costs.
 
 
 
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