Working in Georgian business can lead to disputes at times, as the interests between you and your partners may shift, or you may discover that disagreeable practices or other issues may have cropped up behind your back. We at Kaufman & Forman, P.C., understand that you wish to protect your assets in the least damaging and most cost-effective way.
One option available to you is securities arbitration. Generally speaking, this will save you some costs because it takes place outside of the courts. You will therefore not have to worry about the usual court fees. However, you should be aware of the fact that choosing to resolve your issues with arbitration will usually make it so you can no longer take the matter to court. This means if the arbitration panel does not give you a result that you like, you won’t be able to turn around and take your case to court to get a different resolution.
If you do decide to go the securities arbitration route, your case will instead be looked at by a panel that is held before the Financial Industry Regulatory Authority, or FINRA. This organization has a large hand in regulating things within the securities industry, so you may take that to mean that they know issues regarding securities inside and out. Any verdict that this panel hands down is considered binding, which you should also consider as you weigh your options.
There are many ways of dealing with issues relating to securities when they crop up. If you would like to read more about the benefits of securities arbitration or the potential drawbacks, please visit our web page.