Are there any grounds for setting aside an arbitration award?

Yes, there are grounds for setting aside an arbitration award in Virginia. Generally speaking, an award may be set aside if the award is procured by corruption, collusion, fraud, or material misrepresentation. An award may also be set aside if the arbitrator was guilty of misconduct during the arbitration proceedings, such as a failure to disclose evidence or making a bias decision. Additionally, an award may be set aside if it is contrary to an applicable statute, or if an arbitrator exceeded their powers in issuing an award. Arbitration awards typically have a very high degree of finality, and it is extraordinary for an award to be set aside. Therefore, a party who is considering seeking to have an award set aside should consult with an attorney. It is important to note that in Virginia, an application to set aside an arbitration award must be made within three months of the award being made. If the application is not made within that time period, the party may not be able to seek to have the award set aside.

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