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Arbitration in CAAP is non-binding, that is, parties may ask for a trial in court if they disagree with the arbitrator's award (decision). The award in a non-binding arbitration becomes the judgment in the case only if a Notice of Appeal and Request for Trial de Novo is not timely filed by a party.
The awards are typically 50% or less of what the consumer/employee would get from a jury in a courtroom. If you want to know why, read "Is Arbitration Good or Bad for Employees?" . Arbitration can help consumers resolve disputes with companies without the high costs and legal fees of a full-blown lawsuit.
The arbitrator listens to both sides, looks at the evidence you've sent in and decides what the outcome should be. In some cases, the arbitrator may choose to have several meetings with you both. When the arbitrator makes a decision, this is called an award and it's legally binding.
Arbitration Process File a Claim. A claimant initiates an arbitration by filing a statement of claim that specifies the relevant facts and remedies requested. Answer a Claim.Arbitrator Selection.Prehearing Conferences.Discovery.Hearings.Decision & Awards.
Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.
The Court Annexed Arbitration Program (the Program) is a mandatory, non-binding arbitration program, as hereinafter described, for certain civil cases in the State of Hawai'i. Rule 2. INTENT OF PROGRAM AND APPLICATION OF RULES.