STORY FROM: Reinsurance & Arbitration
Guest Summary: 1st Cir. Affirms Denial of Vacatur of Arbitration Award
September 17, 2019
[Editor's note: Benjamin Stearns’ practice focuses on regulated industries, primarily medical marijuana and property and casualty insurance. Benjamin works with state regulators to resolve compliance matters and negotiate enforcement actions. He also lobbies the Florida Legislature and has testified before legislative committees.]
The First Circuit recently denied an appeal from the District of Puerto Rico’s refusal to vacate an arbitration award. The dispute centered on a management services agreement containing an arbitration agreement that required binding arbitration of any disputes under the rules of the American Health Lawyers Association (AHLA).
The court disagreed with each of the appellant’s asserted ...