Arbitration awards.

Practice point: An arbitration award will not be overturned unless it is violative of a strong public policy, is totally irrational, or exceeds a specifically enumerated limitation on the arbitral panel's power.

Student note: Pursuant to CPLR 7510, the court shall confirm an arbitration award upon application of a party made within one year after its delivery to him, unless the award is vacated or modified upon a ground specified in section 7511.

Case: Wiederhorn v. J. Ezra Merkin, NY Slip Op 06181 (1st Dept. 2012).

Here is the decision. 

Tomorrow’s issue: Contract interpretation.