Arbitration allows parties to arrive at a resolution more quickly and cheaply than is possible through litigation, but a surge in challenges to arbitrators’ decisions threatens to undermine the whole point of the process.
Motions to vacate arbitration awards in state and federal courts have shot up dramatically during the past five years, according to a review of court records by The National Law Journal. Whether those motions allege arbitrator partiality, excessive use of power or procedural problems, they add time and expense to disputes.
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