About Arbitration at AMCC
As a method of resolving disputes, Arbitration has been used for centuries. In some
ways procedurally similar to a court-based trial, the Arbitration process involves
the presentation of evidence to one or more decision-makers, here arbitrators, who
render their decision in the form of an award. These are the basic components that
are required to create a process known as Arbitration. In addition, there are State
and Federal laws that govern many aspects of the arbitration process including its
applicability, procedures, and compatibility with the formal court system. Beyond
these basics however, arbitration is a much more flexible and varied process.
Normally a by-product of a contractual relationship, arbitration allows for the
third-party decision making process to be custom tailored to meet the anticipated
needs of the parties to any foreseeable dispute. The parties are free to agree upon
a set of procedural rules to be followed or even create their own. Parties can agree
upon an endless set of criteria such as timeframes, venue and choice of arbitrator.
Even where no contractual relationship exists, the parties are free to mutually
agree to utilize arbitration as a dispute resolution mechanism to resolve their
dispute.
The benefits of arbitration are numerous. The process is usually far more efficient
and economical than a court trial. The parties are free to tailor the process to
what is needed, whether that is a limitation of discovery to shortened time frames.
The hearings take place in a private setting, allowing for an expedient process
in a comfortable atmosphere. Binding arbitration is also final; meaning that the
process will not drag on through the time and expense of the appeals process. Most
importantly, the parties can choose their own arbitrator, giving them every opportunity
to choose a decision maker that is knowledgeable and best suited to render an appropriate
decision.
As administrators, it is the role of AMCC to facilitate and provide a fair and unbiased
process for the parties. We provide all of the administrative support necessary
to efficiently guide the process, from scheduling to sending out notices to providing
hearing facilities. Our greatest value, however, is the roster of the highest quality
panel of arbitrators available. All of our arbitrators have extensive experience
in their field and have had numerous hours of procedural training to complement
their many years as practicing neutrals. Case Managers and Arbitrators work closely
together to assure that the arbitration adheres to the procedural rules agreed upon
by the parties, and if no such agreement exists, then adherence to the applicable
State and Federal laws governing the process.
Arbitration is most appropriate where:
- A dispute has a particularly high dollar value;
- One or both sides refuse to consider settlement;
- The parties wish to avoid the time and expense of trial;
- The cost of a trial is disproportionate to the amount at stake;
- The case is highly technical or requires specific expertise on the part of the decision
maker;
- Confidentiality of records or of the dispute is desired;
- There is a contractual obligation to resolve the dispute through arbitration.
AMCC does not publish its own set of rules in an effort to provide for the most
flexibility to the parties, rather it has comprehensive guidelines the parties can
utilize as a resource. AMCC can also administer under any set of previously agreed
to rules, including AAA Complex or Fast Track Rules. Where no rule set has been
agreed upon by the parties, AMCC will administer Arbitrations pursuant to the California
Arbitration Act, California Code of Civil Procedure §§ et. seq. subject to pre-emption
by the Federal Arbitration Act (FAA). In California, Insurance Code 2071 appraisals
are treated as a form of Arbitration, and are therefore subject to these guidelines.
For more information about Arbitration, contact us at (800) 645-4874.
Arbitration Process and Guidelines
Arbitration Checklist