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Arbitration News
Who May File An Exception Time Limits For Filing Opposition Service
(a) Either party to arbitration under the provisions of chapter 71 of title 5 of the United States Code may file an exception to an arbitrator's award rendered pursuant to the arbitration.(b) The time limit for filing an exception to an arbitration award is thirty (30) days beginning on the date the award is served on the filing party.(c) An opposition to the exception may be filed by a party within thirty (30) days after the date of service of the exception.(d) A copy of the exception and any opposition shall be served on the other party.
[45 FR 3513, Jan. 17, 1980, as amended at 46 FR 40675, Aug. 11, 1981; 49 FR 22623, May 31, 1984
There are many advantages to arbitration.
Parties often seek to resolve their disputes through arbitration because of a number of perceived potential advantages over judicial proceedings. Some advantages include, but are not limited to: (1) when the subject matter of the dispute is highly technical, arbitrators with an appropriate degree of expertise can be appointed, (2) arbitration is often faster and cheaper than litigation in court, (3) arbitral process enjoys a greater degree of flexibility than courts, and (4) arbitration awards are generally easier to enforce abroad than court judgments.
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Definition:
An attorney who advises and represents a party in arbitration is called a counsel.
Negotiation
Definition:
Negotiating refers to the process where the two parties come together and communicate their differences in an attempt to resolve the conflict.
Third-party claim
Definition:
A third party claim is a claim made by a party that was not already named in the proceeding.
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