In a three-part series published in October, Jill Johnson explains the Optional Appellate Arbitration Rules adopted by the American Arbitration Association (AAA) and the International Centre for Dispute Resolution in November 2013. The rules permit parties – by advance mutual agreement, usually in a contract – to obtain appellate review of arbitration awards. Simply put, they dilute the finality of arbitration, which is what makes the process so appealing. Johnson goes on to describe what the benefits and drawbacks are of the optional rules. You may read the full series here, here and here.
- News & Analysis