‘Manifest disregard of the law” are the words often heard in international arbitration conferences as part of the clarion call trumpeted by those seeking to undermine New York as a venue for the conduct of international arbitration. The argument is made that courts in New York (and elsewhere in the United States) use the manifest disregard doctrine as a basis for second-guessing the decisions of arbitrators, thereby undermining the arbitral process. The allegation raises the question, “truth or myth?”
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