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NY A01219
Bill
Status
3/19/2025
Primary Sponsor
Jeffrey Dinowitz
Click for details
AI Summary
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Defines "neutral third party arbitrator" as one without undisclosed known, direct, and material interests in the arbitration outcome or substantial relationships with parties, counsel, or representatives
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Voids arbitration agreement provisions requiring non-neutral arbitrators while preserving the underlying requirement to arbitrate disputes
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Requires arbitrators to disclose before appointment and on a continuing basis any facts affecting impartiality, including financial interests, personal interests in outcomes, and relationships with parties, counsel, witnesses, or other arbitrators
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Establishes that failure to disclose required information creates grounds for courts to vacate arbitration awards upon timely objection by a party
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Creates a presumption of evident partiality when a neutral arbitrator fails to disclose known material interests in the outcome or substantial relationships with parties
Legislative Description
Requires disclosure of possible conflicts; provides for the vacating of an arbitration award on the ground that the arbitrator was affiliated in any way with any party, or has a financial interest directly or indirectly in any party or in the outcome of the arbitration.
Last Action
ordered to third reading cal.43
1/7/2026