The Federal Arbitration Act (FAA) imposes strict procedural requirements on motions to vacate an arbitral award. Either party may file a motion to vacate, modify or correct an arbitration award.On March 6, 2000, the chancellor granted Franklin's Motion to Vacate the Arbitration. Award. To use this form, you must be a person who is serving a sentence under a judgment against you in a federal court. This case presents an important question of statutory construction under the Federal Arbitration Act (FAA), 9. According to Petitioner, a federal court sitting in diversity may entertain a petition to confirm an award under state arbitration law.