Abraham J. Gafni ADR
Contracting and disputing parties agree to arbitration for varying reasons. These may include the right to select the arbitrator, the privacy of the procedure, and the earlier resolution of the matter with potentially lesser expense by reason of flexible rules of discovery and evidence. Unquestionably, equally important to many parties is that arbitration awards are almost always final as the circumstances under which a party may seek to appeal are very limited. Moreover, this finality is generally reflected in court reluctance to vacate or reverse an arbitration award.Don't Ignore the Procedural Requirements in Arbitration
Contracting and disputing parties agree to arbitration for varying reasons. These may include the right to select the arbitrator, the privacy of the procedure, and the earlier resolution of the matter with potentially lesser expense by reason of flexible rules of discovery and evidence.
June 21, 2021 at 12:05 PM
7 minute read
Abraham J. Gafni
ADR
Contracting and disputing parties agree to arbitration for varying reasons. These may include the right to select the arbitrator, the privacy of the procedure, and the earlier resolution of the matter with potentially lesser expense by reason of flexible rules of discovery and evidence. Unquestionably, equally important to many parties is that arbitration awards are almost always final as the circumstances under which a party may seek to appeal are very limited. Moreover, this finality is generally reflected in court reluctance to vacate or reverse an arbitration award.
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