Over the past years, employee arbitration agreements have been helpful in preventing employment-related lawsuits. If properly executed, arbitration clauses provide several benefits to both employers and employees. These benefits include the resolution of claims away from the public, the ability to select the arbitrator, and the faster process by which conflicts are resolved. Arbitration of claims is also significant in redirecting employment-related cases from overburdened courts.
As part of its mandate to ensure that investors and regulators have the information they need regarding broker-dealer operations, the Financial Industry Regulatory Authority (FINRA) continues to initiate significant efforts in improving the expungement framework. One of the top priorities in its anticipated regulatory notice is to revisit the proposed policy changes for the expungement processes, particularly concerning the rules for specialized arbitration panels. It underscores the need for arbitrators to look closely at any FINRA developments to develop an effective litigation strategy.
Lack of proper project management and documentation, compliance with the present project standards, and excessive costs are often the reasons behind construction disputes. For years, these disputes have created significant challenges and risks in the construction industry.
