Law · International Commercial Arbitration
Under the UNCITRAL Model Law on International Commercial Arbitration, which of the following scenarios would NOT provide a valid ground for a court to set aside an arbitral award?
- 1The subject-matter of the dispute is not capable of settlement by arbitration under the law of the state where the court sits.
- 2The composition of the arbitral tribunal was not in accordance with the agreement of the parties.
- 3The arbitral tribunal reached a decision that was substantively unjust based on the obscure nature of the trade law involved.✓
- 4A party to the arbitration agreement was under some incapacity at the time the agreement was made.
Correct answer
The arbitral tribunal reached a decision that was substantively unjust based on the obscure nature of the trade law involved.
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