What is time limit for confirmation of arbitration award?
Full Question:
What is time limit for confirmation of arbitration award? The arbitration hearing and award was made in April or May of 2005. In December 2006, the prevailing party filed a petition for “conversion of award” and asking for interest. The Federal Arbitration Act states that application for confirmation must be filed within one year of date of award. I know of no Arizona statute with such a time limit. Does the one year limitation of the FAA apply to states when state statutes establish no limit?
04/06/2007 |
Category: Civil Actions |
State: Arizona |
#2733
Answer:
The Federal Arbitration Act provides for enforcement in federal courts of agreements growing out of interstate or foreign commerce. The Federal Arbitration Act also applies in state courts, and requires state courts to enforce arbitration clauses despite contrary state law or policy.
A law review article that you may want to consult is 39 Arizona Law Review, Section 1:35 (1997), “Choice of law clauses and their preemptive effect upon the Federal Arbitration Act: Reconciling the Supreme Court with itself.”
