Is the award final and binding? Under the Arbitration and Conciliation Act, the award is final and binding on the parties (subject to any right to challenge the award).

What happens after an arbitration award?

Once the arbitrator decides that all of the parties’ evidence and arguments have been presented, the arbitrator will close the hearings. Instead, if a party wins in the arbitration and the other party does not do what the award says, the winning party may go to court to “confirm” the arbitration award.

Are arbitration decisions published?

Because arbitrations are private, they often are not published. One of the central challenges facing the researcher is lack of accessiblity of arbitral decisions. However, some arbitral decisions and rules from various arbitral bodies are available via Westlaw.

What are the reasons for confidentiality in arbitration?

Confidentiality is considered as one of the key reasons why parties choose to go for arbitration for settlement of their disputes as they do not want their disputes to be a topic of public discussion.

How do you challenge arbitration?

(a) An arbitrator may be challenged only if circumstances exist that, from the perspective of a reasonable third person having knowledge of the relevant facts, give rise to justifiable doubts as to his impartiality or independence, or if he does not possess qualifications agreed to by the parties.

Is the fact of an arbitration confidential?

It is generally assumed as a matter of commercial dealings that arbitration proceedings will be both private and confidential. Arbitrations are private in that third parties who are not a party to the arbitration agreement cannot attend any hearings or play any part in the arbitration proceedings.

Is hearsay allowed in arbitration?

The basic rule is that, if the out-of-court statement is not offered to affect an issue in the case, it should not be consid- ered by the arbitrator. Under Rule 28 the arbitrator may exclude any immaterial evidence, such as hearsay evidence.

What is the first step in the arbitration process?

To give you an idea of the process that arbitration typically involves, the American Arbitration Association describes artibtration as having five main steps:

1. Filing and initiation.
2. Arbitrator selection.
3. Preliminary hearing.
4. Information exchange and preparation.
5. Hearings.
6. Post hearing submissions.
7. Award.

What is Fast Track procedure?

The Fast-Track Procedure is a dispute resolution procedure specially designed to protect Exhibitor’s and Non-exhibitor’s Intellectual Property (IP) rights against infringements at trade fairs organized at Palexpo’s premises.