Examination of (1) whether arbitration is especially vulnerable to pressure incompatible with fair and even-handed dispute resolution; (2) the appropriate role of courts in reviewing arbitration decisions; and (3) the proper role of the arbitrator vis-?-vis statutory or policy issues in interpreting the agreement. Particular emphasis on a critique of arbitration by Judge (and former arbitrator) Paul R. Hays, “Labor Arbitration: A Dissenting View” (New Haven: Yale University Press, 1966). Transcript of facilitated discussion follows.