COURT OF APPEALS FOR THE SECOND CIRCUIT
Jacobs, Raggi, Hall
Certain Underwriting Members London – Appellant
Versus
State Dep't of Fin. Servs. Co. of the Americas – Respondent
Following oral argument, on January 24, 2018, the Circuit Court of Florida, Leon County, declared ICA insolvent and placed the company in liquidation, appointing Florida's Department of Financial Services as receiver. We nonetheless continue to refer to appellant as ICA throughout this opinion.
We acknowledge the value of disclosure, transparency, and ethical conduct on the part of all arbitrators.
See
Ostrager,
supra
, at 535 (noting disclosure "enables the parties to identify potential problems at the outset and[ ] to avoid later claims of prejudice by losing parties"). Mainstream arbitral guidelines such as ARIAS and the American Arbitration Association require comprehensive disclosure.
See
id
. at 535-36 (citing the Code of Ethics for Arbitrators in Commercial Disputes); ARIAS-U.S. Practical Guide to Reinsurance Arbitration Procedure, ¶ 3.6. It would appear that Alex Campos violated these ethical codes; and future parties may well be wary of his participation on panels. However, it is well-established that such ethical violations do not compel vacatur of an otherwise-valid arbitration award.
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.