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Washington, D.C. ~ November 7-9, 2007 2007 International 2007 International Conference Conference LET’S ARBITRATE! LET’S ARBITRATE! IT’S FAST, CHEAP IT’S FAST, CHEAP AND FAIR, RIGHT?” AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME: 3:45 P.M.

2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

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Page 1: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Washington, D.C. ~ November 7-9, 2007

2007 International 2007 International ConferenceConference

““LET’S ARBITRATE! LET’S ARBITRATE! IT’S FAST, CHEAP IT’S FAST, CHEAP

AND FAIR, RIGHT?”AND FAIR, RIGHT?”

THURSDAY, NOVEMBER 8, 2007TIME: 3:45 P.M.

Page 2: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Let’s ArbitrateLet’s ArbitratePanel MembersPanel Members

MODERATOR:

• Randall A. Miller, PartnerSedgwick, Detert, Moran & Arnold

• P. JEAN BAKER, District Vice PresidentAmerican Arbitration Association

• KATHY JACOBSON, Senior Vice PresidentSeabury & Smith

• EDITH MATTHAI, President & Managing Partner Robie & Matthai, PC

• MICHAEL MERLO, Senior Vice President & Chief CounselAon (Bermuda) Ltd.

Page 3: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

INTRODUCTIONINTRODUCTION

What are we going to be talking about?

Page 4: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Format of Session Format of Session

• Question/Answer

• We encourage questions!

Page 5: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATION ARBITRATION

Why are we here?

Page 6: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

Rise of arbitration

Page 7: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

FINRA (FORMERLY NASD) ARBITRATION

Page 8: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

International Arbitration

Page 9: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

Professional Liability

and

Miscellaneous Arbitrations

Page 10: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

American Arbitration Association

Page 11: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

Propriety of

Contractual Arbitration Provisions

Page 12: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

Drafting Issues

Page 13: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

Are the provisions enforceable?

Page 14: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

BACKGROUND OF BACKGROUND OF ARBITRATIONARBITRATION

(cont’d)(cont’d)

Insurance implications

Page 15: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be Should I be in Arbitration?in Arbitration?

Page 16: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Should I be in Arbitration? Arbitration?

(cont’d)(cont’d)

What are the differences between arbitration and conventional

State/Federal Court litigation?

Page 17: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

Structure of arbitration

Page 18: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

Choosing Arbitrators

Page 19: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Number

• Specialized expertise

Page 20: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration?(cont’d)(cont’d)

• Rules of Procedure

Page 21: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Discovery

Page 22: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Law/Motion

Page 23: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration?(cont’d)(cont’d)

• Confidentiality

Page 24: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Joinder of other parties

Page 25: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Cost

Page 26: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in arbitration?Should I be in arbitration? (cont’d)(cont’d)

• Time

Page 27: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in arbitration?Should I be in arbitration? (cont’d)(cont’d)

• Finality of award

Reasoned awards

Page 28: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Finality of award

Res Judicata

Page 29: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Finality of award

Appealability

Page 30: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Should I be in Arbitration?Should I be in Arbitration? (cont’d)(cont’d)

• Finality of award

Enforceability

Page 31: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

Is Arbitration Fair?

Page 32: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

SO, WHERE DO WE END UP?

Page 33: 2007 International Conference Washington, D.C. ~ November 7-9, 2007 “ LET’S ARBITRATE! IT’S FAST, CHEAP AND FAIR, RIGHT?” THURSDAY, NOVEMBER 8, 2007 TIME:

CLOSING REMARKS