Certificate Compulsory Arbitration Forums
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FAQ
American Bar Association research suggests that average arbitration cases take about seven months, while average litigation can take from 23 ? 30 months depending on the court schedule.
(AF) Rule 5-2, award payments must be made payable only to the recovering signatory company. Intercompany arbitration resolves disputes between the signatory companies. These are the only parties at interest.
Arbitration Forums, Inc. is a not-for-profit organization that handles disputes amongst its nearly five thousand members. These members agree to have specially appointed arbitrators hear their cases in lieu of taking the dispute to a court of law.
Many arbitration cases end with a settlement between parties, either through direct negotiation or through mediation. Others end with an award. If a claimant is awarded damages, the respondent must pay within thirty days of receiving the written award, unless the respondent files a motion to vacate.
If arbitration is not filed within 60 calendar days of the dismissal/discontinuance, the expiration of the statute of limitations may be asserted as an affirmative defense/exclusion.
