What Role for Standing Arbitrators in Commercial Contracts?

0
Posted

What Role for Standing Arbitrators in Commercial Contracts?

0

Download Article PDF Dorsey attorneys Christopher Karagheuzoff and Eric Epstein address in the New York Law Journal the role standing arbitrators can play in commercial transactions. A “standing arbitrator” is appointed at the outset of a contract (i.e. prior to any specific dispute arising) to resolve disputes that may arise through the life of the contract. Karagheuzoff and Epstein suggest that the appointment of a standing arbitrator can promote better dispute resolution by resolving disagreements before they escalate to a point where they interfere with productive work under the contract or otherwise harm the working relationship. After reviewing applicable New York law and arbitration panel provisions, they provide a checklist of factors in a commercial transaction that weigh in favor of a standing arbitrator appointment. The complete (PDF) article is available for download above. “Use of Standing Arbitrators in Commercial Transactions” was published by the New York Law Journal, F

Related Questions