What is a stay of arbitration?
A stay of arbitration is a legal term that applies to a particular type of arbitration case in Oregon. A stay of arbitration is a court order that grants a party in an arbitration the right to temporarily stop the proceedings of the arbitration. This type of order is typically used when the parties in the arbitration want to pause the process in order to make adjustments to the case or come to an agreement outside of the arbitration process. Stays of arbitration can be granted by either the arbitration tribunal or a court of law in Oregon. When an arbitration tribunal grants a stay, they will typically issue an order which specifies the details of the stay, such as how long it is effective and what activities are allowed during the stay. When a court grants a stay, the court order will typically include instructions on how the stay is to be terminated, such as by motion of one of the parties or the court itself. In general, granting a stay of arbitration can be beneficial to all parties involved as it allows the parties to pause the proceedings and come to an agreement outside of arbitration. Furthermore, granting a stay can also help the parties save time and money, both of which can be important considerations for resolving disputes.
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