Are there any restrictions on pre-arbitration discovery requests in securities arbitration?

Yes, there are certain restrictions on pre-arbitration discovery requests in securities arbitration in Alaska. The Alaska Rules of Evidence provide specific limits on the discovery process. Generally speaking, the rules limit the parties to a maximum of two depositions per party and five interrogatories per side. Furthermore, the rules limit materials and documents that may be requested to those that are relevant to the dispute. The Alaska Supreme Court has also established specific guidelines for the permissible scope of discovery in securities arbitration. Specifically, discovery requests must be limited to material that is necessary and relevant to the dispute, and must not be burdensome or oppressive. These guidelines also restrict requests to those that are relevant to the arbitration, as opposed to requests for information that is unrelated to the dispute. Additionally, the Alaska Supreme Court requires that requests for discovery must be reasonable. This includes limiting the number of requests to a manageable amount and seeking only the information that is relevant to the dispute. Furthermore, the court has also held that parties are not required to provide information that is already in the possession of the opposing side. Overall, Alaska securities arbitration is subject to certain restrictions on pre-arbitration discovery requests. These rules are designed to ensure that the parties can obtain relevant information to the dispute in a reasonable and efficient manner.

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