By J. P. Duffy, K&L Gates, New York
A significant set of new rules were issued by the American Arbitration Association (AAA) which will afford parties the ability to appeal arbitral awards to specialized appellate tribunals. The new Optional Appellate Arbitration Rules, which could apply to arbitrations concerning construction matters, are noteworthy for arbitrations as they offer an arbitral structure — outside of judicial enforcement regimes — for reviewing awards alleged to suffer from serious factual or legal defects. To learn more about the new rules, click here.
This article was originally published in the International Law Office Arbitration Newsletter on January 30, 2014.