Contracting and disputing parties agree to arbitration for varying reasons. These may include the right to select the arbitrator, the privacy of the procedure, and the earlier resolution of the matter with potentially lesser expense by reason of flexible rules of discovery and evidence. Unquestionably, equally important to many parties is that arbitration awards are almost always final as the circumstances under which a party may seek to appeal are very limited. Moreover, this finality is generally reflected in court reluctance to vacate or reverse an arbitration award.
Accordingly, when a party feels that there is a basis upon which it may seek to have an arbitration award vacated, particular care should be taken to scrupulously conform to the applicable statutes as well as the procedural rules of both courts and arbitration providers as judges will not hesitate to deny such motions unless such requirements have been met.