How does a securities arbitration decision become final?

In Oregon, a securities arbitration decision becomes final when both parties to the dispute agree to the terms of the decision and sign a settlement agreement or when the decision is confirmed by a court. If the parties have agreed to an award, they will enter into a settlement agreement that includes the final determination made by the arbitrator. The settlement agreement will state that the parties have agreed to the award and also state that each party is waiving all rights to appeal or challenge the award. If the parties have not agreed to an award, the arbitrator’s decision must be confirmed by a court in order for it to become final. The parties or their attorneys must file a petition to confirm the award with the appropriate court. The court will then review the award to make sure that it is consistent with Oregon law before confirming it. A court’s confirmation of an arbitration award makes it final, and it cannot be overturned. Once an arbitration award has become final, the parties must abide by its terms. It is enforceable by the court, and any party that fails to comply with the terms of the award can face civil and criminal penalties.

Related FAQs

How does a securities arbitration decision become final?

Related FAQs

Related Blog Posts