How can a party seek to vacate an arbitral award in an international court?
In an international court, a party can seek to vacate an arbitral award, or a decision handed down by an arbitral tribunal. This may be done when one of the parties is not satisfied with the decision of the tribunal and believes that the award should be set aside. The primary legal grounds for vacating an award are if the arbitrators did not have the jurisdiction to make the award or if the award is contrary to public policy. The party may also argue that the arbitral procedure that was used did not follow fair and reasonable standards and so the award should be set aside. In some situations, such as when the award was obtained by fraud or other misrepresentations, the court might vacate or modify the award. It is also possible for the court to vacate an award if the terms of the arbitration agreement were violated or if the court finds that the arbitrator failed to issue an award within a reasonable amount of time. In order to vacate an arbitral award, the party must prove their case to the court. This may require the party to provide evidence of the legal basis for the vacating of the award and any other relevant information. After the evidence has been presented, the court will determine whether or not the award should be set aside.
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