Unlocking the Advantages of Arbitration Over Litigation
Arbitration is commonly used in construction as a preferred dispute resolution choice to litigation. But there are some fundamental choices that you need to make in your contract so that you can streamline costs and time associated with a formal dispute should it arise on your project. Did you know that you can opt into rules to limit discovery or the number of panelists hearing your case to reduce costs? By attending this webinar, you will also gain insights into how arbitration decisions do not imply split-the-baby in decisions which is commonly perceived. You will also gain knowledge on how to choose a panel with both industry expertise and who will follow appropriate legal standards in conducting a binding decision.
Learning Objectives:
- Compare the benefits and potential risks of choosing arbitration over litigation
- Learn ways to limit discovery for matters of a certain claim size to limit discovery cost
- Factors to consider selecting single arbitrator vs a panel to save costs
- Learn about the qualifications of your panel construction and options for selecting the panel chair to maximize effectiveness
Speakers:
Albert Bates Jr., Partner, Troutman Pepper
Harold Coleman, Jr., Esq., Senior Vice President, Professional Education & Development, AAA-ICDR-AAAMediation.org