Arbitration for Automobile Dealers
Friday, January 22, 2010 at 1:26PM About a month ago, I wrote a post on the federal legislation which allows automobile dealers to seek arbitration if their dealership was closed due to the Chrysler and GM bankruptcies. I noted that the dealers do not merely want arbitration — they want their dealerships to continue (or to reopen). Recent news reports say that around 800 dealers have filed requests to initiate such arbitration. Some articles surmise that not all of those requests will result in hearings. Many dealers are likely to settle before such hearings take place. Now that dealers have legislation preserving some of their rights post-bankruptcy, along with a forum in which to enforce those rights, negotiating settlements should not be that difficult. If they cannot reach agreement by direct negotiation, a good mediator should be able to help. Sounds like a good opportunity for everyone.
Reader Comments (1)
nice post
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