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The act was drafted as a model arbitration statute to allow each U.S. state to adopt a uniform law of arbitration, instead of having each state enact a unique arbitration statute. The act was updated by the Uniform Law Commission in the year 2000. [1] The new act, called the "Revised Uniform Arbitration Act" has been adopted by eighteen states. [2]
Uniform Adoption Act: 1994 Uniform Alcoholism and Intoxication Treatment Act: 1971 Uniform Anatomical Gift Act: 2006 Uniform Apportionment of Tort Responsibility Act: 2002 Uniform Arbitration Act: 2000 Uniform Athlete Agents Act: 2000 Uniform Act to Secure the Attendance of Witnesses from Without a State in Criminal Proceedings: 1936
The United States Arbitration Act (Pub. L. 68–401, 43 Stat. 883, enacted February 12, 1925, codified at 9 U.S.C. ch. 1), more commonly referred to as the Federal Arbitration Act or FAA, is an act of Congress that provides for non-judicial facilitation of private dispute resolution through arbitration.
Sherman Act claims are arbitrable, even when contract calls for arbitration before a foreign panel. Shearson/American Express Inc. v. McMahon, 482 U.S. 220 (1987). Securities fraud claims under the Securities Exchange Act of 1934 are arbitrable. Perry v. Thomas, 482 U.S. 483 (1987) Volt Inf. Sciences v. Stanford Univ., 489 U.S. 468 (1989 ...
This private form of settling legal disputes arose with the Federal Arbitration Act in 1925, making it nearly 100 years old. John Carpenter, a partner at the California-based law firm Carpenter ...
Arbitration in the United States' most overarching clause is the Federal Arbitration Act (officially the United States Arbitration Act of 1925, commonly referred to as the FAA). The Act stipulates that arbitration in a majority of instances is legal when both parties, either after or prior to the arising of a dispute, agree to the arbitration.
Under the Federal Arbitration Act [9] (which has been interpreted to cover all contracts arising under federal or state law), arbitration clauses are generally enforceable unless the party resisting arbitration can show unconscionability, fraud or something else that undermines the entire contract. [10]
The "passivity" agreement FDIC wants BlackRock to sign is designed to assure bank regulators that the giant money manager will remain a "passive" owner of an FDIC-supervised bank and won’t exert ...