Sunday, April 12, 2009

2d Cir. on arbitrators' authority to sanction bad faith

In ReliaStar Life Ins. Co. of New York v. EMC National Life Co., (2d Cir. 2009), the Second Circuit Court of Appeals construed a broad arbitration clause and held that the arbitrators were given discretion to sanction a party for bad faith conduct during the arbitration, including attorneys' fees.


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