Contracting and disputing parties agree to arbitration for varying reasons. These may include the right to select the arbitrator, the privacy of the procedure, and the earlier resolution of the matter with potentially lesser expense by reason of flexible rules of discovery and evidence. Unquestionably, equally important to many parties is that arbitration awards are almost always final as the circumstances under which a party may seek to appeal are very limited. Moreover, this finality is generally reflected in court reluctance to vacate or reverse an arbitration award.

Accordingly, when a party feels that there is a basis upon which it may seek to have an arbitration award vacated, particular care should be taken to scrupulously conform to the applicable statutes as well as the procedural rules of both courts and arbitration providers as judges will not hesitate to deny such motions unless such requirements have been met.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]