When two companies disagree, the last thing they want is to get stuck in a never-ending legal battle. Lawsuits can drag on for years and drain both parties’ finances, not to mention the impact on their business relationship. That’s where arbitration comes in as a faster, more efficient solution.
Arbitration presents companies with a quick and confidential means of resolving business disputes, allowing them to continue business operations while ensuring that all parties receive a just outcome.
Consult a contract lawyer before drafting a contract with an arbitration clause for dispute resolution. If you’re facing an arbitration claim initiated by an investor or brokerage dealer, hire an arbitration lawyer for a strong defense. At My RIA Lawyer, we defend arbitration cases across various platforms, from FINRA to AAA and JAMS. We understand that you have a lot on the line and need a vigorous defense to prove that you are not at fault. Contact us today to discuss your case.
Arbitration is a conflict resolution method that disputing parties can use to resolve their issues rather than leaving their fate to the courts. This process requires mutual consent from both parties and is typically specified in the original contract.
Unlike court proceedings, arbitration allows for the choice of applicable laws, venue, and language, making it an attractive option for international disputes. Additionally, arbitration proceedings are confidential, ensuring that the case details remain private and avoiding any potential negative effects on the parties’ public image.
Arbitration can resolve legal disputes, and its decisions can be enforced like regular judgments. It’s commonly used in business-to-business contracts, especially in the financial services industry. The arbitrators render a binding decision, but an appeal may sometimes be pursued, though on a very limited basis.
Arbitration as a dispute resolution method can be applied to almost any situation where legal action may be taken. The decisions reached during arbitration can be enforced through the courts in the same way as a regular judgment. Although applicable to a wide range of legal disputes, arbitration is most commonly utilized in business-to-business (B2B) contracts, particularly in the context of international trade.
Our law firm defends clients against various claims.
Common customer claims include:
Common intra-industry claims include:
Your arbitration attorney will evaluate the claim, review the evidence, and build a defense. Often, claims are submitted without wrongdoing by the advisor or firm. Instead, investors become upset after losing money and want someone to blame.
They hope they will get a settlement if they file a claim. In other cases, claimants have weak claims with little evidence.
There are numerous defense options, and we will discuss the best strategy for your case after reviewing the evidence. Our arbitration lawyer can also help you choose arbitrators for your case. After the claim is filed, you will receive a list of arbitrators.
Because our team has so much experience in securities arbitration, our attorneys can help you select arbitrators most likely to be sympathetic to your defense. We can strike up to four arbitrators from the list and then rank the remaining arbitrators. This will put you in the position to reach the desired outcome during the arbitration.
Contact us today to learn how our arbitration attorneys can help you defend yourself against the claim.
The arbitration procedure generally involves:
Unlike mediation, the decisions made during arbitration are final. Although the court might agree to vacate the award in some circumstances, there is no formal appeal process. Because it’s challenging to change the outcome of the decision, hiring an arbitration lawyer is vital.
Arbitration has become one of the most preferred conflict resolution techniques in recent years due to the multitude of advantages that come with its usage.
Here are some of the significant benefits of arbitration:
Hiring competent arbitration lawyers is critical when undergoing arbitration. While arbitration isn’t as complex as going to trial, there are still complicated regulations and laws that you must navigate. Also, the other side is likely to have legal representation.
If you go in alone, you will have trouble presenting compelling evidence to defend yourself against the claim. This is especially true when there is anger and other emotions involved. Our arbitration lawyer at My RIA Lawyer will move beyond emotions and use facts and evidence to support your defense. Don’t settle for less in your case. Contact us today to begin building your case.
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We get it – you need answers, and you need them now. That’s where we come in, offering a blend of big-firm resources with the kind of personal attention you’d expect from a smaller one.
But what really sets us apart? We’re all about your success. Compliance is just the start; we’re here to help you thrive. We know the ins and outs of the financial world, and we’re not afraid to think outside the box to help you reach your goals while playing by the rules.
Making the jump to start your own firm is a big decision. Its stressful, hard work, and you have to learn a ton. This why I decided to hire a professional team to help establish my RIA the right way the first time. My RIA Lawyer’s team is absolutely amazing. They have demonstrated expert knowledge, personable staff, and they have shown us how much they genuinely care about setting us up for success by giving us the tools we need to help others. Thank you Leila and Liz for all of your hard work!
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I worked with Leila as I was getting my new RIA firm up and running. Leila provided expert legal advice as a complement to the national compliance firm who was assisting me with my registration. I was introduced to Leila after I had already begun the process and not sure how I would have made it through without her. She was an invaluable resource and I look forward to working together again in the future!
I have used My RIA Lawyer for filing my Annual Amendments in the past and was very happy with their services and professionalism. Leila Shaver is very responsive, communicative, and extremely knowledgeable. I highly recommend their services!
Leila is an expert with compliance but she also offers a wealth of knowledge as a business owner. We discussed everything including compliance, marketing, business partnerships, and more. Even though my firm is not yet at a point to work with her, she has sent me multiple emails offering assistance with the things we spoke about during our meeting.
The attorneys at MyRIALawyer are always extremely attentive, responsive and competent. We look forward to expanding our relationship, as we continue to grow.
Arbitration and mediation are two procedures for resolving disputes outside the court system, but they are different. Both are intended to avoid the need for formal litigation, but they differ in terms of their approach.
Mediation is a negotiation between parties that is not binding, and the mediator serves primarily as a facilitator. Mediation does not always result in a specific, binding solution to the dispute. In contrast, arbitration operates more like an informal court, with the arbitrator serving as a judge. The decision made in arbitration is typically final and binding.
Even though arbitration and mediation are designed to resolve conflicts swiftly and confidentially, only arbitration can result in a binding outcome that one or more parties may not agree with completely.
It’s important to consider the potential downsides of mandatory arbitration clauses, such as limited appeal options, lack of transparency, and potential bias in favor of larger parties.
You should also consider the nature of the dispute, the likelihood of it arising, and the relationship between the parties before deciding whether or not to include an arbitration clause in the contract. Ultimately, the decision should be based on the specific circumstances and the parties’ needs and preferences.
Contracts today often include mandatory arbitration clauses that require any disputes to be resolved through arbitration instead of the court system. This clause forces both parties to waive their right to bring the dispute to court, having instead agreed to resolve their conflict through arbitration. The parties have already consented to arbitration as an alternative dispute resolution method.
However, including these mandatory clauses in contracts has sparked much debate since they often favor the party with more power, particularly involving employees or consumers.
Mandatory arbitration clauses that preclude class action are also unenforceable. This has led to rejecting certain consumer contracts containing such clauses.
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“In life, it’s not that we don’t have enough time; it’s that we lose so much of it. We waste time on things that can be outsourced instead of spending time on things and people we love. I’d rather pay someone to clean my house and take that time to spend with my children. Our clients are happier letting us ‘clean house’ while they work with their clients. In the end, they have more satisfaction in their businesses and they’re happier overall.”
— Leila Shaver Founder
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Director of Compliance
Compliance Manager and OCCO
OCCO and General Counsel