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Tag Archives: AAA

Will life sciences provide a growth injection for international arbitration?

This blog post was first published on the Practical Law Arbitration blog. The use of international arbitration has expanded over the years to encompass a wide array of sectors. For example, while the majority of financial services disputes still end up in court, many of them are submitted to arbitration. Of the London Court of International Arbitration’s (LCIA’s) caseload in 2016, 20% comprised of such disputes. This was more than either construction or shipping. This raises the question of which other industry sectors might provide a larger number of arbitrations

American Arbitration Association introduces optional appellate review

On November 1, 2013, the American Arbitration Association (“AAA”) introduced a new set of optional rules that provide for appellate review within the arbitration process. Under the Optional Appellate Arbitration Rules (“Appellate Rules”), an appellate tribunal may conduct a more comprehensive review of an arbitration award than the judicial confirmation process provided by existing federal and state laws in the United States. An appellate tribunal may examine an award for material and prejudicial legal errors and for clearly erroneous factual determinations. Appellate review is available only where the parties have