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1. Who will be the arbitrators that will hear the cases? Rules Amended and Effective September 1, 2014.Cost of Arbitration Effective January 1, 2016. The stipulation to an arbitrator must be served and filed no later than 10 days after the case has been set for arbitration under rule 3.812. The arbitrators' award is final and binding, subject to court review only under limited circumstances. The arbitrators act in place of a judge and render a decision (called "award") at the conclusion of the hearing. Reference to case law. In the recent case of Morgan v. Did the party against whom an award was given have an opportunity to present its case? If the award is rejected, the court will then schedule the case for a trial.