Are there limits to the amount of attorney’s fees that can be awarded by an arbitrator?

In Georgia, the answer to this question is yes. Under the Georgia Arbitration Code, an arbitral tribunal is prohibited from awarding attorney’s fees in excess of $30,000.00, unless parties have agreed to a higher amount in their contract. This number is designed to ensure that the process of arbitration remains affordable to all parties involved. Even if an arbitrator awards attorney’s fees in excess of $30,000.00, such awards are subject to review by a court and can be reduced below the $30,000.00 limit if the court finds that the award was unreasonable. This review process is designed to ensure that the arbitration process remains equitable and not dominated by parties with financial resources. In addition to the monetary limit on attorney’s fees that can be awarded by an arbitrator, there are also other restrictions on the court’s discretion. An arbitrator must make sure that any award of attorney’s fees is reasonable in relation to the services rendered, the amount of time spent on the case, and the results obtained. Moreover, the arbitrator must also make sure that the amount awarded does not exceed the success of the proceeding. Overall, while arbitrators have the authority to award attorney’s fees, there are limits to the amount of such award in the state of Georgia. This is to ensure that the arbitration process is fair, accessible, and cost-effective for all parties involved.

Related FAQs

How do I prepare for an arbitration hearing?
What is estoppel in arbitration?
Are there any special considerations for labor arbitration?
What is a joinder of parties in arbitration?
What is the importance of confidentiality in an arbitration hearing?
What is a motion to enjoin arbitration?
Are there any special considerations for commercial arbitration?
Are there any special considerations for securities arbitration?
What is the public policy exception to the enforcement of an arbitration agreement?
What is a Model International Commercial Arbitration Act?

Are there limits to the amount of attorney’s fees that can be awarded by an arbitrator?

Related FAQs

Related Blog Posts