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"We made an arbitration offer, never heard back.
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That forced the union to lower its sights and, labor experts said, made an arbitration award of 11.75 percent more palatable.
"There are many dynamics that come into play when making an arbitration case," he said.
Ron Iori, a spokesman for Ford, said it did not have plans to hold a similar meeting with accident victims in the United States or make an arbitration offer to them.
Instead, Sections 1(2) and 1(3) provide that an appeal may be made "on any question of law arising out of an award made on an arbitration agreement", if either the High Court agrees the appeal is valid, or if both parties to the arbitration request it.
It follows a successful Home Office challenge to the original award made by an arbitration tribunal.
The ruling was made by an arbitration panel of the International Chamber of Commerce ICCC).
The Gallic-American media group argued that the award made by an arbitration panel in June ought to be overturned.
PaineWebber, for its part, neither concedes nor denies that the faxed brokerage statements were fraudulent; all we have to go on is the convincing, and so far unrebutted, evidence made a part of the NASD arbitration case.
"The trouble they're having is they made a bet that the binding arbitration would give them more money then they could have gotten through negotiation," he said.
It reduces the value of the rise to 1.9percentnt and makes an absurdity of going to arbitration.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com