“Commercial Division Confirms Arbitration Award Entered Against Party Who Objected to the Jurisdiction of the Arbitrators but Failed to Seek a Stay of the Arbitration”

Muhammed Faridi and Peter Shakro of Patterson Belknap Webb & Tyler LLP authored this article in JD Supra, discussing the decision in Fava v. Morgan Stanley Smith Barney, Inc., 2020 N.Y. Slip Op. 33358(U) (N.Y. Sup. Ct. Oct. 9, 2020). As the authors explain, “[t]he opinion addresses whether a party who objects to an arbitration panel’s jurisdiction but participates in arbitration may vacate an arbitral award on the ground that the arbitrators exceeded the scope of their authority.”