There are inherent risks in proceeding to trial by jury. Juries are often unpredictable, and civil litigation also requires extensive discovery and motions practice, which can delay resolution and increase uncertainty and costs. Arbitration has long been accepted as the answer to these problems. But the changing nature of disputes, increasing costs and inefficiencies have led parties to favor settlement or more informal dispute resolution procedures. In an effort to address these concerns, the American Arbitration Association (AAA) has revised its Construction Industry Arbitration Rules. In my recent article for the Daily Journal of Commerce, I outline these new rules, which took effect July 1.
Read the full article here to learn how these rules can make the arbitration process more efficient and more cost-effective.