Motion to Vacate Arbitration Award Denied for Lack of Manifest Disregard of Law
Synthèse Legislator
Généré par l'IAA party filed a motion to vacate an arbitration award, asserting that the arbitrator manifestly disregarded controlling law by failing to apply a clear and unambiguous contract provision regarding the calculation of damages, which resulted in an award based on an interpretation that contradicted the express terms of the agreement. The court concluded that while the arbitrator's interpretation of the contract was arguably erroneous or inconsistent with the evidence, mere error in interpreting the law or the facts, or even an erroneous application of a governing rule, does not constitute manifest disregard of the law, which requires a high showing that the arbitrator understood and correctly stated the governing law but proceeded to apply a different rule or answered a different question; thus, the court affirmed the confirmation of the arbitration award.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Motion to Vacate Arbitration Award Denied for Lack of Manifest Disregard of Law: The court concluded that while the arbitrator's interpretation of the contract was arguably erroneous or inconsistent with the evidence, mere error in interpreting the law or the facts, or even an erroneous application of a governing rule, does not constitute manifest disregard of the law, which requires a high showing that the arbitrator understood and correctly stated the governing law but proceeded to apply a different rule or answered a different question; thus, the court affirmed the confirmation of the arbitration award.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAThis provision was cited in the final order regarding the allocation of judicial costs.
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