Arbitral Standards of Review in Hall Street v. Mattel : US Supreme Court Sets Clear Standard : Statutory Grounds Exclusive for FAA Judicial Review

Via the Disputing blog, which we have added to our blogroll, we were led to this week’s United States Supreme Court arbitration law decision in Hall Street v. Mattel (Hall Street Associates v. Mattel, Inc., ___ U.S. ___ (2008) (Cause No. 06-989)):

Justice Souter wasted no time in stating in the first paragraph of his majority opinion:

The Federal Arbitration Act (FAA or Act), 9 U. S. C. §1 et seq., provides for expedited judicial review to confirm, vacate, or modify arbitration awards. §§9–11 (2000 ed.and Supp. V). The question here is whether statutory grounds for prompt vacatur and modification may be supplemented by contract. We hold that the statutory grounds are exclusive.

OK. That’s clear. Gee, does that exist in law?

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