Are there limits to the award that can be made by an arbitrator?

Yes, there are limits to the award that can be made by an arbitrator in Virginia. Under Virginia law, awards made by an arbitrator are limited to those that are just and reasonable at the time of the award. This means that the arbitrator cannot exceed the amount of money that the parties have already agreed to, or act in a way that would result in the parties being worse off than when they agreed to the arbitration. In addition to this limit, judges in Virginia are not allowed to enforce awards against either party if they are deemed to be "iniquitous." This means that if the arbitrator orders a party to pay an amount that is deemed to be unreasonably excessive or oppressive, the court cannot enforce it. In Virginia, awards made by an arbitrator may also be limited by the applicable statute of limitations. This limits the amount of time that a party has to bring a claim against the other party, and it could limit the award that an arbitrator can make. Finally, arbitration awards in Virginia can be limited by the agreement between the parties. This means that the arbitrator cannot make an award that is outside of the scope of the agreement. This could limit the amount of an award, or the subject matter of an award.

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Are there limits to the award that can be made by an arbitrator?

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