Full question:
What is time limit for confirmation of arbitration award? The arbitration hearing and award was made in April or May of 2005. In December 2006, the prevailing party filed a petition for “conversion of award” and asking for interest. The Federal Arbitration Act states that application for confirmation must be filed within one year of date of award. I know of no Arizona statute with such a time limit. Does the one year limitation of the FAA apply to states when state statutes establish no limit?
- Category: Civil Actions
- Date:
- State: Arizona
Answer:
The Federal Arbitration Act (FAA) mandates that applications for confirmation of arbitration awards must be filed within one year from the date of the award. This requirement applies not only in federal courts but also in state courts, including Arizona. Even if Arizona law does not specify a time limit for confirming arbitration awards, the one-year limitation set by the FAA still applies. Therefore, the prevailing party's petition for confirmation should have been filed within one year of the award date in April or May 2005.
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