Any party may move to withdraw from the arbitral proceeding within thirty days after receipt of the notice of appointment of the Arbitrator. The short answer is yes.No set of institutional rules prevents a party from abandoning claims it has raised in an arbitration. Because the text of the appraisers' final decision reserved the right to withdraw assent in the future, the award could not be considered "final. Section 3 of the FAA provides that the court "shall on application of one of the parties stay the trial of the action until such arbitration has been had. Long before this Article's germination, Professor David Schwartz quipped that the Federal Arbitration Act (FAA) "is unconstitutional . You may contact the other side(s) and jointly fill out a. Submission to Arbitration, which can be found on our website. After the hearing has commenced, no party may withdraw from the arbitration unless: (1) all parties consent and the arbitrator approves; or.