American Law Institute Updates US and International Arbitration Law Summary
The ALI is the leading independent organization in the United States producing scholarly work to clarify, modernize and improve the law.
Parties to many international transactions include arbitration clauses in their contracts, agreeing to have any disputes settled by an independent third party outside of the court system. The restatement addresses the U.S. law governing enforcement of arbitration agreements as well as the enforcement of awards issued by arbitrators and court actions supporting arbitration proceedings. It builds on relevant international treaties, the Federal Arbitration Act and U.S. Supreme Court cases, restating general principles of U.S. international arbitration law and clarifying numerous unsettled issues.