What is the effect of arbitral immunity?
Arbitral immunity is the concept that arbitrators, or people who are appointed to settle disputes between two or more parties, are immune from being sued for their decision or actions related to a dispute. This immunity is put into place to ensure that arbitrators can make decisions without fear of repercussions. In Oregon, this means that an arbitrator’s decision is binding and final and cannot be appealed, even if it results in financial damages or other losses for one or more parties involved in the dispute. This immunity also helps to ensure that arbitrators are not exposed to potential lawsuits for decisions that are made in good faith and are based on the evidence presented. Arbitral immunity is also important because it allows parties to resolve their disputes more quickly and cost-effectively. Without this immunity, parties may be less willing to agree to arbitration and could instead choose to litigate their issues in court. This could lead to more costly and drawn-out legal proceedings, as well as additional court costs and fees, so it is beneficial to both sides of a dispute to retain their right to arbitral immunity. Overall, arbitral immunity is an essential part of Oregon’s arbitration law. It provides arbitrators with a measure of protection and encourages parties to resolve their disputes in an efficient and cost-effective way. Without arbitral immunity, disputes may take much longer to resolve and could become very expensive.
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