Arbitrators must disclose stakes in arbitral bodies, says US appeals court
Drinks producer Monster Energy is a repeat user of JAMS (Credit: istock.com/jetcityimage)
A US appeals court has vacated a sole arbitrator’s award on the basis that he failed to disclose his ownership interest in the arbitral institution that administered the dispute – a precedent that a dissenting judge warns is likely to generate “endless litigation” in other cases.
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