New York Arbitration Week

Panel One

Title: Getting it Right: How Arbitrators, Counsel and Institutions Can Improve the Quality of the Arbitral Process

Description:

This panel of leading arbitrators and counsel will explore possible ways to improve the quality of what we deliver to users of the arbitration process. In particular, what can stakeholders – arbitrators, counsel and arbitral institutions – do to build party trust and confidence in international arbitration.

• What obligations (if any) do counsel have as advocates in a case to improve the quality of the arbitral process?
• What arbitrator best practices can enhance the decision-making process and the conduct of an arbitration so as to increase the likelihood of getting the process and award “right”?
• Should arbitral institutions contribute to the quality of the tribunal’s award and if so, how?

A request for CLE credit is pending for NY.  To receive credit, please record the codes that will be displayed on the screen during the program and submit the CLE form (linked below) and evaluation. You must provide your state bar/ARDC number in order to receive credit.

A request for CLE credit is pending for NY.  To receive credit, please record the codes that will be displayed on the screen during the program and submit the CLE form (linked below) and evaluation. You must provide your state bar/ARDC number in order to receive credit.

Panel Two

Title: Getting it Right: Should the Functus Officio Rule be Reformed?

Description:

Under the common law doctrine of functus officio, courts have barred arbitrators from correcting errors in their final awards. The rules under which most commercial arbitrations are conducted generally, expressly forbid arbitral tribunals from correcting anything other than clerical, typographical or computational errors.

• Should there be a different approach for partial final awards?

• Does the functus officio doctrine lead to more set-aside applications to courts?   Does it lead to more incorrect awards?

• Should institutional providers revise their rules to permit substantive corrections, and, if so, under what circumstances?  Could the parties address this in the organization of the arbitration?

• What about draft awards? Would that improve the quality of the result?

A request for CLE credit is pending for NY.  To receive credit, please record the codes that will be displayed on the screen during the program and submit the CLE form (linked below) and evaluation. You must provide your state bar/ARDC number in order to receive credit.