12. What are the procedures for carrying out an arbitration? • Subject-matter of the Arbitration Choosing Arbitrators • Submit to Arbitration • • Agreement with Arbitrator(s) Arbitration Proceeding • Award • • Enforcement 13. What rules govern the arbitration process? Voluntary arbitration = parties agree upon the rules • Model rules Mandatory arbitration, state law or court order dictates the rules governing the arbitration. • Federal Arbitration Act (FAA) http://thebusinessprofessor.com/federal-arbitration-act/ Resource Video: • 14. Challenging the arbitration award? Review of Voluntary Arbitration Awards • Based upon the arbitrator exceeding her authority or validity of the arbitration agreement. Based in contract law Review of Mandatory Arbitration • 6th and 7th Amendments of the Constitution. Statutorily mandated arbitration requires a higher level of judicial review Party can reject the arbitrator’s award and seek judicial review, de novo
12. What are the procedures for carrying out an arbitration? • Subject-matter of the Arbitration • Choosing Arbitrators • Submit to Arbitration • Agreement with Arbitrator(s) • Arbitration Proceeding • Award • Enforcement 13. What rules govern the arbitration process? • Voluntary arbitration = parties agree upon the rules Model rules • Mandatory arbitration, state law or court order dictates the rules governing the arbitration. Federal Arbitration Act (FAA) • Resource Video: http://thebusinessprofessor.com/federal-arbitration-act/ 14. Challenging the arbitration award? • Review of Voluntary Arbitration Awards Based upon the arbitrator exceeding her authority or validity of the arbitration agreement. Based in contract law • Review of Mandatory Arbitration 6th and 7th Amendments of the Constitution. Statutorily mandated arbitration requires a higher level of judicial review Party can reject the arbitrator’s award and seek de novo judicial review,