“If You Want A Right To Appeal An Arbitration Award, Build It Into Your Arbitration Agreement”

“Many people opt for binding arbitration because it is supposedly faster and cheaper, and binding – thus final.  Some people have to arbitrate their matters that they cannot settle amongst themselves, because there are issues that they cannot try before a court given the court’s mandatory obligation to report certain matters to the proper authorities (e.g. taxing authorities). While many people seek the finality of a binding result, many others are concerned that because an arbitrator is human, she/he could make a mistake.  Accordingly, they want the ability to appeal the matter to a reviewing body of some sort.”

So begins this article by Eric Solotoff of Fox Rothschild LLP, found on JD Supra, offering guidance to parties who wish to preserve a more substantive right to appeal an arbitrator’s award.

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