Arbitration rules for AI.ARBITRATION RULES FOR AI. Albany International Corp., Albany, New York For other uses, see Albany. Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers. , USA has received a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. decision in arbitration stemming from its 1999 acquisition of the Geschmay group. In that previously-reported arbitration, the sellers alleged that an Albany subsidiary had wrongfully wrong·ful adj. 1. Wrong; unjust: wrongful criticism. 2. Unlawful: wrongful death. terminated two leases entered into in connection with the acquisition and claimed damages of approximately $19 million. The arbitrators' decision, which is not subject to appeal, ruled that Albany's subsidiary had a legal right to terminate the leases and that no damages were payable. Initially filed in February 2003, the arbitration took place in the International Court of Arbitration The International Court of Arbitration is an institution for the resolution of international commercial disputes. The International Court of Arbitration is part of the International Chamber of Commerce. of the International Chamber of Commerce. |
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