Is there a timeline for enforcing a securities arbitration award?

In Texas, the timeline for enforcing a securities arbitration award depends on the specific facts of each case. Generally, the award must be filed and docketed in a court of competent jurisdiction within one year from the date the award is entered. The award is then enforceable as a judgment or decree in the same manner as any other judgment or decree. If the award is not docketed within one year, the prevailing party may request an extension of time. The court may grant an extension if there is good cause such as a delay in receiving the award, material changes in the underlying facts, or because the parties have entered a settlement agreement that requires additional work. Once the award is docketed, the losing party has the right to appeal the decision within 30 days from the date of the award. The court may also set aside or modify the award on its own motion if it finds that there was a material mistake or that justice requires it. If the appeal is unsuccessful or is not pursued, the parties need to file a motion in the court to confirm the award, which binds the parties to the terms of the award. If the award is confirmed, it is enforceable in the same manner as any other court judgment or decree. Any action to enforce the award must be brought within five years of the date of confirmation.

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