Arbitration and the U.S. Supreme Court: Class Actions, Manifest Disregard, and the Ongoing Debate over U.S. Judicial Review of Arbitral Awards
Businesses likely to end up as defendants in multiple-plaintiff proceedings may find much to be thankful for in the U.S. Supreme Court's recent decision in Stolt-Nielsen S.A. v. AnimalFeeds International Corp. But the price of this victory remains to be seen, given what some might perceive as the interventionist road the Court took to vacate the arbitral ruling at the heart of the case. Although Stolt-Nielsen may appear striking at first glance, however, upon further examination it seems unlikely to have significant impact on the scope of judicial review of most arbitral awards.