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Depending on the rules and the parties' arbitration agreement, the date the award must be given to the parties may differ, but it is usually between 14 and 30 days from the close of hearings.
Section 34(2)(a)(v) lays out that an award can be discarded or challenged if the composition of the arbitral tribunal was not in obedience with the agreement of the parties or if the procedure of conduct of proceedings was not followed properly.
Requests for confirmation of an arbitral award must be submitted by motion or petition (9 U.S.C. § 13). Together with the petition or motion, a party seeking confirmation under Chapter 1 of the FAA must file: 220e The arbitration agreement.
I The case involved a motion to confirm an arbitration award and a joint request from the parties to seal various documents relating to the arbitration. Sealing of court records prevents public access and ensures the proceedings remain confidential. The Court granted the motion to confirm the award.
The arbitral award is enforceable in the same manner as a decree of a law court.There is no provision for appeal against an arbitral award and it is final and binding between the parties.
Under CPLR 7511, an arbitral award may be vacated: if the rights of a party were prejudiced by (1) corruption, fraud, or misconduct in procuring the award, (2) partiality of a supposedly neutral arbitrator, (3) the arbitrator exceeding his powers i.e., violates a strong public policy, is irrational or clearly exceeds
The proper method for seeking to enforce an arbitration award under the Federal Act is to file a motion for confirmation in the appropriate court. That court must grant the motion and enter judgment on the confirmation order unless the opposing party files a timely motion to vacate, modify, or correct the award.
The arbitrator will write the award and the AAA® will send that to the parties once it is ready. Depending on the rules and the parties' arbitration agreement, the date the award must be given to the parties may differ, but it is usually between 14 and 30 days from the close of hearings.