October 22, 2019

A petition to vacate an arbitration award.

In order to vacate an award on the ground of manifest disregard of the law, the petitioner must show that the arbitration panel knew of a governing legal principle that was well defined, explicit, and clearly applicable, and refused to apply it or ignored it altogether. A mistake of law does not constitute manifest disregard, and is not ground for vacatur.

Matter of McKenna, Long & Aldridge, LLP v. Ironshore Specialty Ins. Co., NY Slip Op 07498 (1st Dep't October 17, 2019)

Here is the decision.