New York Arbitration and Mediation Lawyers
In New York, arbitration and mediation clauses are common in operating agreements, shareholder agreements, construction contracts, employment contracts, and real estate sales and lease agreements. New York is home to many arbitration forums, including the American Arbitration Association (AAA), Judicial Arbitration and Mediation Services (JAMS), and the Financial Industry Regulatory Authority (FINRA).
Arbitration involves the submission of a dispute to a private arbitrator or panel of arbitrators, whose decision and award will be binding upon the parties. Mediation involves the submission of a dispute to a non-binding mediator to facilitate a voluntary settlement. Arbitration is faster and more predictable than litigation, but contrary to popular belief, can be more expensive than litigation because of the need to pay the arbitrator. Typically, the claimant is required to advance most costs of arbitration, but these cost can be shifted in the arbitration award. Under the American Arbitration Act and Article 75 of the New York Civil Practice Law and Rules, the New York courts recognize a strong public policy in favor of arbitration.
Our Attorneys Prevail in Arbitration
The lawyers at Muchmore & Associates PLLC are experienced in arbitrating commercial disputes and have obtained impressive results for our clients in arbitration. In one arbitration involving a contract for the replacement of nearly two thousand PTAC units in a major New York hotel, the firm's principal obtained an arbitration award in favor of the respondent in excess of a million dollars against the claimant. The firm has successfully compelled arbitration where the adversary sought to litigate, opposed the confirmation of an arbitration award, and served as the neutral arbitrator resolving a dispute between adversaries. The firm's lawyers will take the time to thoroughly review the details of your case and devise an arbitration strategy to achieve your objectives while minimizing the cost of arbitration.
Contact Us to Schedule a Free Initial Consultation
Contact Muchmore & Associates PLLC at (917) 932-0299 to schedule a free initial consultation if you are involved in a dispute subject to arbitration, including the following:
MUCHMORE & ASSOCIATES PLLC
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