I don't think Wilder has described the Nicolau as either "fair" or "un-fair", but certainly he has exposed evidence (for the BOA's benefit) that can be used by them to evaluate the Nic's conformity with the "fair and equitable" standard, in the matter before the BOA.
If you will notice, Wilder has made an educated guess that the BOA just might not assume that Nicolau was binding, so in the alternative the BOA might need to consider what indeed is fair and equitable... and Wilder doesn't let others (from 10 years ago) speak for him (like Freund does)... Wilder actually mans up, picks a premise, and argues for it.... No implicit assumptions that the BOA will be complicit with implicit assumptions.
Freund and his witnesses should pick an argument and support it, rather than just let George Nicolau speak...
MR. FREUND: I'm going to make it easier. I'm going to just rely on George's award.
MR DE VICQ: I didn't do that. Arbitrator Nicolau did that.
Is the BOA going to call George Nicolau as a witness? And include direct, cross, re-direct, etc testimony, or is it unnecessary since Nicolau's word was/still is final and binding (written by his finger in stone 😀)?