A failed appearance does not bar arbitration or escape its binding result

Evidence

The bourse’s ability to resolve disputes promptly is considered so important that even if a dealer fails to appear for an arbitration, the hearing is held and he is bound by the panel’s decision. — Lisa Bernestein, Opting out of the Legal System, 235

Categorization

• SHARE: A striking detail for anyone interested in alternative dispute resolution design — a non-appearance procedure that preserves authority.