Six Steps to Fair and Efficient Arbitration


Commercial arbitration was designed as an economical alternative to court trials. Discovery was limited, hearings proceeded unencumbered by the rules of evidence and an award was to be issued no more than 30 days after close of hearings.Finality was assured because there was no lengthy appeal. However, as arbitration has grown in popularity as a way to resolve business disputes, many have expressed concern that arbitration has become increasingly time-consuming and expensive — just like the trials it was meant to replace.

Even experienced counsel don’t always take advantage of the ability to tailor the arbitration process to fit a particular case. Flexibility is one of arbitration’s main benefits. Arbitration is contractual, so parties are free to stipulate to procedures appropriate for efficient handling.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© JAMS | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.