How "Reasoned" Must a "Reasoned Award" Be?

The article discusses U.S. court cases that focused on the issue of how reasoned a reasoned award must be. In the case Cat Charter, LLC v. Schurtenberger, the Eleventh Circuit ruled that the arbitral panel that resolved a dispute over the construction of a yacht pursuant to the Commercial Arbitration Rules of the American Arbitration Association (AAA). Also discussed is the Sevent Circuit's ruling in Affymax, Inc. v. Ortho-McNeil-Jannsen Pharmaceuticals, Inc.