Arbitration Hearing Example In Wake
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For example, if an investor files a claim against his or her broker for $38,000, the panel may decide in the investor's favor, but only award $10,000. Arbitration decisions are binding and not subject to appeal, except under very limited circumstances.
To take one example, the Red Sea Islands Arbitration between Eritrea and Yemen was aimed at settling competing claims to some uninhabited rocks in the Red Sea.
Ida in Greece, the royal shepherd, Paris, was also called upon to deliver a famous arbitration award. The dispute concerned the compet- ing claims of Juno, Pallas Athene, and Venus for the prize of beauty. All other means of settlement having failed, Paris, by agreement of the parties, decided the issue by arbitration.
An arbitration hearing is conducted by a panel of 3 arbitrators and is similar to a bench trial. At the arbitration hearing, the panel will listen to the facts, evidence, and law and at the end of the hearing will deliberate on an award.
A civil lawsuit Cases that are $50,000 or less must go into arbitration. Examples include a personal injury case from an automobile accident, a disagreement about a contract, or some other type of case that doesn't involve criminal charges.
Both sides agreed to accept a decision by an impartial arbitrator. An arbitrator rejected the 49ers' plea and raised the team's rent by $10 million over the life of the lease.
Ida in Greece, the royal shepherd, Paris, was also called upon to deliver a famous arbitration award. The dispute concerned the compet- ing claims of Juno, Pallas Athene, and Venus for the prize of beauty. All other means of settlement having failed, Paris, by agreement of the parties, decided the issue by arbitration.
Outline a concise factual background and then move on to a discussion of the issues at the heart of the case. Your arguments should flow easily from the relevant facts and applicable law. And, by all means, avoid exaggeration of the strengths of your case as well as disparagement of the opposing side.
In conclusion, an effective opening statement will tell the arbitrator in a concise, courteous fashion exactly what the factual situation in the case is, what the issues are, how the advocate wants the arbitrator to rule on the issues, and exactly what relief is being requested.
Your letter of arbitration should be concise, professional, and factual. Follow the standard business letter format, including your name and contact information at the top. Ensure that your writing is clear, and avoid using jargon or technical terms that may not be familiar to the reader.
