Is it possible to obtain a stay of execution on a securities arbitration award?
Yes, it is possible to obtain a stay of execution on a securities arbitration award in California. A stay of execution is an order from a court or another authority that temporarily prevents the enforcement of a judgement or order. In California, a motion for a stay of execution of a securities arbitration award may be made to the superior court that has jurisdiction over the party against whom the award was granted. The motion must be filed within six months of the filing of the award and must state the reasons why the stay should be granted. The court will then consider the motion and make a ruling. In order to be granted a stay of execution of a securities arbitration award, the party that requested the stay must demonstrate that they would suffer a substantial hardship if the stay were not granted; that the stay would not harm the other party; and that the stay would serve the interests of justice. In addition to the motion for a stay of execution, the party that requested the stay must also pay the court a bond that is equal to the amount of the arbitration award plus interest. This bond is meant to ensure that the party can pay the award if the stay is denied. Overall, it is possible to obtain a stay of execution on a securities arbitration award in California, although it can be difficult. The requesting party must have a legitimate reason for the stay and must demonstrate that they would suffer a substantial hardship if the stay were not granted. Additionally, the court must be provided with a bond that is equal to the amount of the award plus interest.
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