Acceptability
is not a legal notion but, applied to an arbitral award, it has numerous
consequences. This can first be verified when one seeks to determine the
intended recipients of an acceptable award, by responding first to the question
as to who they are (parties, judges, the arbitrators themselves, the legislator...)
and thereafter as to why they are the intended recipients thereof. Secondly,
one realises that the acceptability of an award is subject to the
responsibility of the arbitrator who must find the means to accomplish this, by
providing reasons directed at the various players in the arbitration. To make
an award acceptable is therefore quite an art.