Are there limits to the amount of attorney’s fees that can be awarded by an arbitrator?
In North Carolina, there are limits to the amount of attorney’s fees that can be awarded by an arbitrator. These limitations are set forth in the North Carolina General Statutes Chapter 1-566.1. This statute provides that the arbitrator has the authority to award reasonable attorney’s fees and costs in an arbitration proceeding, but only to the extent of the amount that the arbitrator deems necessary for the adequate representation of the party’s interests. It also sets forth limits on the amount of attorney’s fees that can be awarded based on factors such as the complexity of the case and the amount of work required to be done by the attorneys. The statute also requires that the arbitrator consider the reasonable value of services performed by the attorneys and the reasonable value of the time spent in the arbitration. In addition, the statute states that the arbitrator may disallow any attorney’s fees that are in excess of the amount found to be reasonable. The ultimate determination of the reasonableness of the attorney’s fees to be awarded is made in the discretion of the arbitrator. In short, the answer to the question of whether there are limits to the amount of attorney’s fees that can be awarded by an arbitrator in North Carolina is yes. The limits are set forth in the North Carolina General Statutes Chapter 1-566.1 and the arbitrator has the ultimate discretion to determine the amount of attorney’s fees that should be awarded.
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