Are there any restrictions on the enforcement of an arbitral award?
Yes, there are restrictions on the enforcement of an arbitral award in Florida. An arbitration award can be enforced by the court only if it meets certain requirements. The court must determine that the arbitration award is fair and reasonable and that the parties’ rights were protected. The court will only enforce an arbitral award if it was given pursuant to the Florida Arbitration Code, which requires that an arbitral hearing be conducted fairly and impartially and that the award must be made within the time limits set by the parties. Additionally, the parties must agree to abide by the terms of the award. The court may also refuse to enforce an arbitration award if it can be proven that the award was procured by fraud, corruption or other fraudulent practices, or if the parties were not given an opportunity for a fair hearing. Additionally, the court can deny enforcement of an arbitral award if it conflicts with public policy, if a party was not properly notified of the proceedings, or if the decision was based on a mistake of law. If the court refuses to enforce the arbitral award, the parties may seek to appeal the decision. However, even if the court refuses to enforce the award, the parties may still be held civilly liable for breach of contract if they have not complied with the terms of the award.
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