| petition for vacatur, thereby robbing commercial arbitration of | 
| its finality and making the process more complicated, time | 
| consuming and expensive. Arbitrators would be effectively | 
| obliged to provide detailed conclusions of law and if the | 
| parties agree to judicial review for errors of fact, findings of | 
| fact in order to facilitate review. In order to lay the | 
| predicate for the appeal of unfavorable awards, transcripts | 
| would become the norm and counsel would be required to expend | 
| substantial time and energy making sure the record would support | 
| an appeal. Finally, the time until resolution in many cases | 
| would be greatly lengthened, and the prospect of proceedings | 
| being reopened on remand following judicial review would | 
| increase. |