Vol. 126 No. 3
DO ARBITRATORS FOLLOW THE LAW? EVIDENCE FROM CLAUSE CONSTRUCTION
Courts and scholars have long disagreed about whether arbitrators follow the law. It is difficult, however, to assess whether arbitration is lawless. For one, the process is private, usually confidential, and often generates unreasoned unwritten awards. In addition, determining whether an arbitrator decided a case “correctly” is highly subjective. Thus, the literature on point relies on crude proxies such as surveys of arbitrators, the frequency[...]