The arbitrators' misunderstanding of the law is grounds for setting aside an arbitration award.

Question

Quizplus · Accepted Answer

Arbitration awards are generally final and binding, and courts have limited authority to review or set aside an award, even if there is a misunderstanding of the law by the arbitrators. The grounds for setting aside an arbitration award are typically limited to issues like fraud, bias, or procedural irregularities, not errors in law application.

The Arbitrators' Misunderstanding of the Law Is Grounds for Setting