New York S07440 amends the civil practice law to allow vacating an arbitration award if the arbitrator disregarded the law.
New York S07440 amends the civil practice law and rules to add a new ground for vacating an arbitration award. Specifically, the bill allows vacating an arbitration award if the arbitrator evidenced a manifest disregard of the law in rendering the award. This change adds a new subparagraph (v) to section 7511 of the civil practice law and rules. The bill will take effect 180 days after it becomes law.
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- Critical Issues
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