PrincipleCUSTOMARY LAW – Arbitration – Binding Nature of Voluntary Customary Arbitration
- Area of law
- CUSTOMARY LAW
- Court
- Supreme Court
Voluntary submission to customary arbitration creates a binding contract. The parties are estopped from challenging the award. The principle applies to both express and implied agreements. The award is final and binding. The party challenging the award must prove that the arbitrators acted outside their…
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