How can a party seek to vacate an arbitral award in an international court?

In North Carolina, a party seeking to vacate an arbitral award in an international court must begin the process by filing a petition to vacate the award. The petition must be filed in the court which issued the award or in any court having jurisdiction over the parties or the subject matter in the case. The petition must contain the grounds on which the award is being challenged, such as 1) the award was procured by fraud, 2) the award was in excess of jurisdiction or the power of the arbitrator, 3) there was a manifest disregard for the law, 4) the award was not sufficiently supported by evidence, or 5) the award was not in accordance with the law. The first step in the process is for the court to determine if it has jurisdiction to entertain the petition. If it does, then the court will hear the arguments of both sides and determine if any of the grounds for vacating the award exist. If the court finds that the grounds for vacating the award are valid, it will issue an order vacating the award. If the court finds that the grounds for vacating the award are not valid, then it will issue an order denying the petition. In either case, the party who sought to vacate the award may then appeal the decision to a higher court. The process of seeking to vacate an arbitral award in an international court can be long and complex. It is usually best to consult a legal professional to ensure that all necessary steps are taken in a timely manner.

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