Arbritration

Arizona recently adopted the Revised Uniform Arbitration Act which provides notable changes.

Under the new law, an arbitrator may award reasonable attorney fees and expenses if authorized by law or by agreement of the parties. Therefore, attorney fees and expenses may be awarded in most contract actions.

Also, the new law authorizes an award of punitive damages if evidence produced at the hearing justifies the award under the legal standards otherwise applicable to the claim. A.R.S. § 12-3001 through § 12-3029.