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Article: US courts wrestle with "Manifest Disregard" after hall street.
- Article from:
- Mondaq Business Briefing
- Article date:
- August 19, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Originally published August 10, 2009
Keywords: FAA, Federal Arbitration Act, manifest disregard, Hall Street, arbitration award
The Federal Arbitration Act (FAA), the primary arbitration statute in the United States, provides four narrow grounds for vacating an arbitration award—a party's procurement of the award through fraud; evident partiality on the part of the arbitrators; miscon-duct by the arbitrators; and where the arbitrators exceeded their authority. These are essentially "due process" grounds, and they do not permit an award to be vacated merely for being either contrary to the applicable law or otherwise wrong.
However, ...