What is the process for selecting a securities arbitration panel?

The process for selecting a securities arbitration panel in Washington begins with a request for arbitration. In this request, the parties involved must specify the type of arbitration panel they need and provide information that will be used to create a pool of qualified arbitrators. The parties then make their selections from the pool of qualified arbitrators. Once the selection is made, the Office of Administrative Hearings will send a Notice of Hearing to the parties, which provides them with the contact information of the panel members. The parties must provide the panel members with information about the dispute. Once all the information is received by the panel members, the panel will set a hearing date and notify the parties. At the hearing, each side will present evidence, witnesses and arguments to the panel. After reviewing the evidence, the panel will make a ruling on the dispute. This ruling is called a "Final Award". It is binding on both parties, who must abide by the terms of the ruling. Once the Final Award is made, the parties cannot dispute it further. If the parties are unhappy with the ruling, they can appeal it through the court system. The entire process of selecting a securities arbitration panel provides an efficient and dispute-resolution system to help resolve legal disputes in a timely, cost-effective manner.

Related FAQs

What is the process for selecting a securities arbitration panel?

Related FAQs

Related Blog Posts