"A Sure and Expedited Resolution of Disputes": The Federal Arbitration Act and the One-Year Requirement for Summary Confirmation of Arbitration Awards‪.‬

INTRODUCTION Arbitration is a "highly favored" mode of dispute resolution throughout the American judicial system. (1) Generally, arbitration presents an opportunity for parties to settle their differences using an independent third-party arbitrator. (2) The arbitrator serves as the trier of fact, and conducts hearings in lieu of a judicial proceeding. (3) As a result, arbitration offers disputing parties "speedy and inexpensive trial[s] before specialists," while also "eas[ing] the workload of the courts." (4)