UK Court Sets Aside Arbitration Award Due to Arbitrator’s Obvious Accounting Mistake

By Dean Ehrlich, 27 May 2022

When will a mistake by an arbitrator lead a court to set aside an arbitration award? This is the essential question the England and Wales High Court answered in Ducat Maritime Ltd v Lavender Shipmanagement Incorporated when it set aside part of an arbitration award and reduced the sum awarded to the successful party by US$9,553.92 on 14 March 2022....
URL: https://taobserver.com/news/175/uk-court-sets-aside-arbitration-award-due-to-arbitrators-obvious-accounting-mistake