Abstract Today, the adjudicatory system of arbitration is replacing the court, since it is considered to be more private, economic, rapid, certain, conducive to business relationships and in some jurisdiction finality of their decision. However, arbitration has its own limitation. For example, arbitrators may make mistakes and all advantages of arbitration may be for the “winners” of arbitration. That is why almost all countries in the globe agreed for the necessity of vacating an arbitral awards in case where the award is defective. The…