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Like consummated romance, arbitration rests on consent. An agreement of some sort waives each side's right to invoke the jurisdiction of otherwise competent courts. Nevertheless, arbitrators do hear cases involving entities and individuals that never signed an arbitration clause. In cross-border...
Persistent link: https://www.econbiz.de/10012949889
Generally contracts of guarantee could be rightly perceived as tools used by parties in contracts to ensure that their interests in such agreement are secure, so that, in an event where there is a breach of such contract an action could be maintained against both the erring contracting party and...
Persistent link: https://www.econbiz.de/10012950104
The Federal Arbitration Act mandates strict and uniform enforcement of standardized pre-dispute arbitration provisions. This may not be proper, however, in light of the importance of context with respect to these provisions. This Article therefore seeks to remind courts of the importance of...
Persistent link: https://www.econbiz.de/10014214517
A bill currently pending in Congress would render unenforceable mandatory arbitration clauses in all employment contracts. Some perceive these provisions as employer efforts to deprive employees of important legal rights. Company CEOs are firm employees, and, unlike most other firm employees,...
Persistent link: https://www.econbiz.de/10014215355
It is widely acknowledged that the purpose of the Federal Arbitration Act was to place arbitration clauses on “equal footing” with other contracts. Nonetheless, federal and state courts have placed arbitration clauses on a pedestal by creating special interpretive rules for arbitration...
Persistent link: https://www.econbiz.de/10014163259
American courts operate under the strong presumptions that the Federal Arbitration Act makes nearly all claims arbitrable and nearly all arbitration agreements enforceable. However, the FAA Section 2 provides that arbitration agreements shall be valid, irrevocable, and enforceable, save upon...
Persistent link: https://www.econbiz.de/10014059521
The separability of an arbitration agreement from the underlying contract is a well-established theory in commercial arbitration. This theory has been applied by courts and arbitral tribunal across the globe without any deviance. However, the position becomes complex when the question is...
Persistent link: https://www.econbiz.de/10014080995
Persistent link: https://www.econbiz.de/10013459205
Arbitration clauses in international contracts have become increasingly popular in recent years. They offer parties to a contract a flexible and efficient alternative to traditional court litigation, particularly in cross-border transactions. However, the enforceability and effectiveness of...
Persistent link: https://www.econbiz.de/10014359668
Any practising lawyer and student working with international commercial contracts faces standardised contracts and international arbitration as mechanisms for dispute settlement. Transnational rules may be applicable, but national law is still important. Based on extensive practical experience,...
Persistent link: https://www.econbiz.de/10014466800