International and Domestic Arbitration Procedure: the Need for a Rule Providing a Limited Opportunity for Arbitral Reconsideration of Reasoned Awards
Article from: TDM 5 (2006), in Procedure, Advocacy, Strategy and Tactics in Arbitration
Introduction
This article will first generally discuss the various ways in which a reasoned arbitral award can contain unintentional errors relating to clearly established law or objective evidence in the "reasoning" of the award. Next, the formal arbitration procedures established by domestic and international organizations for utilization in commercial arbitrations will be reviewed for the purpose of illustrating that those rules, with very limited and qualified exceptions, do not provide a formal means by which such errors can be brought to the attention of an arbitral tribunal and ...