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What happens when a party does not pay an arbitration award?

April 26, 2017arbitration award happens party pay

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What happens when a party does not pay an arbitration award?

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Rule 5-2 provides the process to follow to secure payment of an award. The rule also contains language that permits the filing company to seek reimbursement of any legal expenses, costs, etc. that are incurred should litigation have to be filed to enforce payment.