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I admit I'm too lazy to Google, but are arbitration services regulated, so that if they flagrantly refused to rule in favor of a plaintiff in a case where (999/
by gosub100 2y ago
I admit I'm too lazy to Google, but are arbitration services regulated, so that if they flagrantly refused to rule in favor of a plaintiff in a case where (999/1000) lawyers would agree, can the arbitration service be sent to review the same way a doctor or lawyer could be disciplined? I can't imagine how you could legally sign over the right to sue to an agency that fails to apply basic principles of justice.
- eadler 2y agoThe standard is "manifest disregard of the law" - which, roughly speaking, means the arbitrator “understood and correctly stated the law but proceeded to ignore it.” Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Bobker, 636 F. Supp. 444 (S.D.N.Y. 1986) There is no regulation of arbitration services.
- gosub100 2y agothank you!