Practical Solutions To The Umpire Selection Quagmire

Law360, New York (September 10, 2012, 1:05 PM EDT) -- As a number of recent cases highlight, selecting an appropriate arbitration panel to preside over a reinsurance dispute has become a contentious, expensive and time-consuming exercise.

Parties who contractually agreed to have their disputes resolved via arbitration are now spending an inordinate amount of time in courtrooms, asking judges to resolve disputes over umpire selection. Such fights serve only to make reinsurance disputes longer, more expensive and more public — three of the most important problems arbitration was designed to solve.

Moreover, depending on the identity...
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