Arbitrators Should Be Able To Correct Mistakes, Report Finds (Law360)

Law360, April 15, 2021

Arbitrators Should Be Able To Correct Mistakes, Report Finds

Arbitral institutions should adopt rules permitting arbitrators to correct errors in their final awards in certain limited circumstances to prevent costly post-award court battles that can undermine the benefits of arbitration, the New York City Bar Association‘s Arbitration Committee has found.

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