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Arbitration is a consensual process that can only take place if and when both parties agree to it. Normally the parties would have agreed contractually, that is by way of a written agreement to arbitrate any disputes which might arise between them. When a dispute arises, the parties may then arbitrate immediately.
Include the name and contact details of all parties (including e-mail, street address and telephone number) be signed and dated by the requesting party or its representative. enclose proof of the representative's authority to act, e.g., a power of attorney or a letter of engagement.
Arbitrators are paid for their time to preside over the matter by the day or hour. The least expensive arbitrators usually charge $150 an hour, while the most expensive might charge $400-$500 an hour or more depending on their area of expertise. Arbitrators are not always lawyers, and are usually not judges.
A claimant initiates an arbitration by filing a statement of claim that specifies the relevant facts and remedies requested. A respondent responds to an arbitration claim by filing an answer that specifies the relevant facts and available defenses to the statement of claim.
In arbitration, there is a neutral party who makes a binding decision after hearing an evidentiary presentation ? a private judge if you will. Georgia law allows parties to agree to arbitrate all aspects of their divorce, including custody matters (see O.C.G.A.
The Arbitration Awards Online system provides the general public with access to FINRA Arbitration Awards ("Awards"). The site maintains Awards from May 1989 to the present. Users may search for Awards by any of the following search parameters: Case Number or Document Text.
A consumer shall request arbitration by filing a written application for arbitration with the Attorney General. ... After receiving an application for arbitration, the Attorney General shall determine whether the dispute is eligible for arbitration.
Arbitration is generally confidential, and documents submitted in arbitration are not publicly-available, unlike court-related filings. However, if an award is issued at the conclusion of the case, FINRA posts it in its Arbitration Awards Online Database, which is publicly available.