Arbitration provides a toolbox of dispute resolution options that are quicker, more targeted and less expensive than litigation. However, formal and informal surveys reveal that one important component of this toolbox is unknown or misunderstood by corporate and outside counsel: the parties’ contractual right to appeal the final award, “on the merits,” to a panel of seasoned and knowledgeable appellate arbitrators. In fact, the cumulative experience of JAMS’ appellate neutrals proves that appellate arbitration is a fast, fair, final and cost-effective dispute resolution option that provides parties with the reassurance that they can have “another set of eyes and ears” review their arbitration awards.
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