What is the process for submitting an award to a court following a securities arbitration?

In Washington, the process for submitting an award to a court following a securities arbitration is straightforward. If the parties involved do not accept the award, the arbitrator has the authority to submit the award to the court. The arbitrator will send a final award to each party with a notice of its finality. Both parties will then have 30 days to file an appeal of the award. If an appeal is not filed, the award will become final as dictated in the Security Arbitration Act of Washington. Once the award is finalized, the arbitrator can submit the final award to the court for confirmation. The confirmation is a process where the court will review the award to ensure that the arbitrator adhered to the laws and regulations of state securities arbitration. The court will then confirm, modify or vacate the award as appropriate. The confirmation of the award by the court will make it enforceable. If either party fails to abide by the award, the other party can bring the order before the court for enforcement. If successful, the court can order actions such as the payment of money, injunctions, and more in order to enforce the award. Overall, the process for submitting an award to a court following a securities arbitration in Washington is fairly straightforward. Once the award has been issued and finalized, it must be submitted to the court for confirmation in order to make it enforceable. This process allows both parties to enforce the award to ensure their rights are protected.

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What is the process for submitting an award to a court following a securities arbitration?

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