What is estoppel in arbitration?
Estoppel in arbitration is a principle in law that prevents a person from making certain arguments or pleading a certain defense in court or in arbitration proceedings. In Delaware, estoppel prevents parties from challenging an arbitration award or seeking a review of the award on grounds that they have already litigated or previously accepted. Estoppel is a legal concept that is designed to preserve the finality of decisions that have been made in arbitration. This prevents parties from circumventing the intended finality of an arbitration decision by bringing a claim after the decision has been made and accepted. Estoppel can also prevent parties from making certain defenses or claims that were not raised in the arbitration. In Delaware, estoppel applies when a party had the opportunity to challenge or appeal an arbitration decision but chose not to do so. Estoppel also prevents parties from making claims or defenses that were not raised in the arbitration proceeding. This prevents parties from using certain claims or defenses after the fact, in an effort to invalidate an arbitration decision. In sum, estoppel is a legal principle that is designed to preserve the finality of arbitration decisions by preventing parties from bringing certain claims or defenses after the fact that were previously raised or could have been raised during the arbitration. Estoppel helps ensure that arbitration decisions in Delaware are binding and final, protecting the interests of all parties involved.
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