Site Safety Plan Example
Description
How to fill out Construction Safety And Health Plan?
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FAQ
An arbitration hearing is an informal legal proceeding held before a neutral court official called an arbitrator. Arbitration hearings are limited by rule to one hour and take place in the courthouse. The hearings are conducted in a serious but relaxed atmosphere, with the rules of evidence serving as a guide.
The decision is final and binding so the parties are expected to obey the arbitrator's decision. If they don't, they can be sued. In very limited cases, a party that is unhappy with the decision may ?appeal? the decision to a court, but an arbitrator's decision is quite difficult to overturn.
If the FINRA arbitration panel rules in your favor, you will receive what is referred to as an ?Arbitration Award.? Once an award is issued, the award must be paid by the responsible party within 30 days of the issue date of the award.
If the arbitration award is binding, there is no right to a new trial in court or other arbitration. Even so, a binding award can be corrected or vacated (overturned) by a court, but only on limited grounds as set forth in Code of Civil Procedure section 1286.2 (see attached excerpts of the statute).
While parties are not required to have an attorney to participate in arbitration, arbitration is a final, legally-binding process that may impact a party's rights. As such, parties may want to consider consulting an attorney at any time before, during, or after the arbitration.
A party asks a court to compel or stay arbitration in North Carolina state court by filing a motion, whether or not there is a lawsuit already pending between the parties. If the application starts the action, the party files an initial motion. (N.C.G.S. § 1-569.5.)
If you lose the case, it's very hard to challenge a decision the arbitrator has made. You can't appeal if you simply disagree with the decision. If you think the case wasn't handled properly, you should get advice about what to do next. You may be able to make an appeal to court on a point of law.
Arbitration results are pretty much the same: In a single given case, who knows what the outcome might be, but over a thousand cases you're probably going to win about half and lose about half, and the only thing that you really care about is getting those cases over quickly so that your legal fees are as low as ...