Arbitration in Arkansas

Arbitration is an alternative dispute resolution process, which offers a less time consuming alternative to the traditional lawsuit in court. The matter is turned over to people who have expertise in their field who are to be impartial in the dispute rather than have a matter decided by a judge and jury, participants in an arbitration proceeding have their dispute resolved by impartial persons who are knowledgeable in the areas in controversy.

Under the rules of the American Arbitration Association, arbitrators are selected by having each side strike (remove) any unacceptable arbitrators from a list of usually between eight to twelve randomly selected names from the AAA list of Arbitrators. These names come from a list of approved arbitrators with expertise in various fields (consumer disputes, employment, etc). Potential arbitrators who are in some way interested in the outcome; e.g. friends of either party or having a financial interest in the outcome of the dispute, are ineligible.

Most states have provisions in their civil practice rules for arbitration, however many states have adopted the Uniform Arbitration Act, even though some states, have specific and individual rules for oversight of arbitrations. Having an Arkansas arbitration lawyer will help you have a decision in your favor.

Should the issue under arbitration be a securities or investment arbitration matter it is best to have an arbitration law firm like Hershewe that has experience in securities arbitration. There are NASD rules of arbitration which come into play. Having an advocate with experience in these rules can assist you in having the most favorable disposition of your matter.

Arbitration is a quicker less costly alternative than litigation that can be used in many kinds of legal matters. It would be logical to assume that one might not need the services of an arbitration lawyer. However arbitration has all the force of law and has rules that must be understood to obtain the best outcome.

When you find that you may need assistance in understanding arbitration law or assistance with securities arbitration you should call The Hershewe Law firm for assistance at 417-782-3790, or complete our contact web form.