The International Comparative Legal Guide to International Arbitration 2013 - Chapter 64: USA


Arbitration Agreements -

1.1 What, if any, are the legal requirements of an arbitration agreement under the laws of the USA?

As a predicate to understanding this and other topics addressed in this chapter, it is important to recognise that the legal system in the United States is unique insofar as it is comprised of a dual-sovereign system. The United States Constitution grants certain powers to the federal government and reserves the rest for the states. Federal law originates with the Constitution, which gives Congress the power to enact statutes for certain purposes, such as regulating interstate commerce. The fifty U.S. states are separate sovereigns and retain plenary power to make laws covering anything reserved to the states. As if this does not lend enough confusion, state law can and does vary, sometimes greatly, from state to state. Like virtually all fields of law in the United States, arbitration is regulated at the federal and state levels, and the relationship between the federal and state laws is nuanced and complex."

Originally published in the 2013 edition of The International Comparative Legal Guide to International Arbitration.

Please see full Article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Arbitration, Arbitration Agreements

Published In: Alternative Dispute Resolution (ADR) Updates, General Business Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© K&L Gates LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »