Restatement of the Law,

The U.S. Law of International Commercial and Investor-State Arbitration

This work spans a broad range of legal issues arising inthe American law of international commercial arbitration. A comprehensive project, its scope includes arbitration agreements, the judicial role in the U.S. and abroad, enforcement and preclusive effect of international arbitral awards rendered in the U.S. and abroad, and ICSID Convention arbitration. 

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    Proposed Final Draft
    1078 pages, 2019, #1RICAPFDE

    RESTATEMENT OF THE LAW

    THE U.S. LAW OF

    INTERNATIONAL COMMERCIAL AND INVESTOR–STATE ARBITRATION

    PROPOSED FINAL DRAFT

     

    TABLE OF CONTENTS

     

    Project Status at a Glance             xiii

    Foreword            xvii

    Reporters’ Memorandum              xxv

     

    Historical Introduction to International Commercial and Investor–State Arbitration               1

     

                   Chapter 1           

    GENERAL PROVISIONS

     

    Introductory Note            9

     

    TOPIC 1

    DEFINITIONS

     

    § 1.1. Definitions              11

     

    TOPIC 2

    BASIC PRINCIPLES OF U.S. INTERNATIONAL ARBITRATION LAW

     

    § 1.2. Role of Party Agreement    79

    § 1.3. Consequences of Choice of Arbitral Seat      85

    § 1.4. Requirements for Application of New York and Panama Conventions               90

    § 1.5. Requirements for Application of ICSID Convention   100

     

    TOPIC 3

    FEDERAL PREEMPTION OF STATE LAW

     

    § 1.6. Federal Preemption of State Law Grounds for Declining to

                Enforce International Arbitration Agreements          103

     

    § 1.7. Federal Preemption of State Laws Reallocating Authority from

                Arbitral Tribunals to Courts              119

    § 1.8. Preemption of State Law Provisions Permitting Court Involvement

               in or Regulating the Conduct of International Arbitral Proceedings     124

    § 1.9. Federal Preemption of State Law Grounds for Post-Award Relief        128

    § 1.10. Federal Preemption of State Law Procedures for Challenging or

               Enforcing International Arbitration Agreements and for

               Post-Award Relief 138

     

    Chapter 2

    ENFORCEMENT OF THE ARBITRATION AGREEMENT

     

    Introductory Note            147

     

    TOPIC 1

    GENERAL PROVISIONS

     

    § 2.1. Actions to Enforce Arbitration Agreement—Generally            149

    § 2.2. Legal Framework Governing Enforcement of Arbitration Agreement 157

    § 2.3. Parties to Arbitration Agreement    160

    § 2.4. Form Requirements for Enforcement of Arbitration Agreement          173

    § 2.5. Reciprocity for Enforcement of Arbitration Agreement          180

    § 2.6. Burden of Proof for Enforcement of Arbitration Agreement 186

    § 2.7. Separability of the Arbitration Agreement    189

    § 2.8. Competence of the Tribunal to Determine its Own Jurisdiction           200

     

    TOPIC 2

    DEFENSES TO ENFORCEMENT OF ARBITRATION AGREEMENT

     

    § 2.9. Defenses to Enforcement of Arbitration Agreement—Generally         212

    § 2.10. Waiver of Defenses to Enforcement of Arbitration Agreement         226

    § 2.11. Effect of Prior Judicial Determination on Issues Relevant to

                  Enforceability of Arbitration Agreement    231

    § 2.12. Issue Preclusive Effect of Prior Arbitral Award on Issues Relevant

                  to Enforceability of Arbitration Agreement              238

    § 2.13. Arbitration Agreement Does Not Exist        242

    § 2.14. Arbitration Agreement Null and Void          254

    § 2.15. Matter Beyond Scope of Arbitration Agreement     276

    § 2.16. Subject Matter Not Capable of Resolution by Arbitration    293

    § 2.17. Enforcement of Arbitration Agreement Contrary to Public Policy     305

    § 2.18. Arbitration Agreement Inoperative or Incapable of Performance     313

    § 2.19. Failure of Precondition to Arbitration         327

    § 2.20. Waiver of the Right to Arbitrate    336

    § 2.21. Undue Delay in Commencing Arbitration   347

    § 2.22. Claim and Issue Preclusive Effect of Prior Arbitral Award on the

                  Enforceability of Arbitration Agreement    354

    TOPIC 3

    CONDUCT OF PROCEEDINGS TO ENFORCE ARBITRATION AGREEMENT

     

    § 2.23. Subject Matter Jurisdiction in Action to Enforce Arbitration Agreement         368

    § 2.24. Personal Jurisdiction in Action to Enforce Arbitration Agreement     374

    § 2.25. Sovereign Immunity and Act of State in Action to Enforce

                  Arbitration Agreement     379

    § 2.26. Forum Non Conveniens and Action to Enforce Arbitration Agreement           382

    § 2.27. Statute of Limitations for Action to Enforce Arbitration Agreement 387

    § 2.28. Procedural Issues in Action to Enforce Arbitration Agreement           391

    § 2.29. Availability of Anti-Suit Injunction in Aid of Arbitration         395

    § 2.30. Availability of Anti-Arbitration Injunction   405

    § 2.31. Appeal from Ruling on Enforcement of Arbitration Agreement         415

     

     

    CHAPTER 3

     

    THE JUDICIAL ROLE IN CONNECTION WITH THE ARBITRAL PROCEEDING

     

    Introductory Note            423

     

    TOPIC 1

    COURT INVOLVEMENT IN INTERNATIONAL COMMERCIAL ARBITRATION

     

    § 3.1. General Rule of Court Noninvolvement in International

                Arbitral Proceedings           425

    § 3.2. Court Appointment and Removal of Arbitrators        428

    § 3.3. Court-Ordered Provisional Relief in Aid of Arbitration             436

    § 3.4. Arbitral Subpoenas               444

    § 3.5. Court-Ordered Production of Evidence in Aid of Arbitration  458

     

    TOPIC 2

    MULTIPARTY ARBITRAL PROCEEDINGS

     

    § 3.6. Consolidation of International Arbitral Proceedings 467

    § 3.7. Joinder and Intervention in International Arbitral Proceedings             471

    § 3.8. Class and Collective Arbitration       473

     

    TOPIC 3

    ISSUES ANCILLARY TO THE ARBITRAL PROCEEDING

     

    § 3.9. Attorney Conduct in International Arbitration            481

    § 3.10. Arbitral Immunity               490

    § 3.11. Confidentiality of International Arbitral Proceedings            497

     

     

    CHAPTER 4

     

    POST-AWARD RELIEF

     

    Introductory Note            503

     

    TOPIC 1

    GENERAL PROVISIONS

     

    § 4.1. Post-Award Actions—Generally       505

    § 4.2. No Authority to Vacate Foreign Award         520

    § 4.3. Legal Framework Governing Post-Award Relief         524

    § 4.4. Formal Requirements for Post-Award Relief               545

    § 4.5. Reciprocity for Post-Award Relief   553

    § 4.6. Burden of Proof for Post-Award Relief         559

    § 4.7. Standard of Review for Granting Post-Award Relief 563

    § 4.8. Effect of Prior Judicial Determinations on the Availability of

               Post-Award Relief 568

     

    TOPIC 2

    GROUNDS FOR POST-AWARD RELIEF

     

    § 4.9. Grounds for Post-Award Relief—Generally 583

     

    SUBTOPIC (A)

    CONVENTION AWARDS

     

    § 4.10. Arbitration Agreement Does Not Exist or Is Invalid 591

    § 4.11. Denial of Notice or Opportunity to Present Case    601

    § 4.12. Award on Matters Beyond the Terms of the Submission to Arbitration           623

    § 4.13 Arbitral Procedure or Composition of Arbitral Tribunal Violates Party

                 Agreement or Law of the Arbitral Seat        638

    § 4.14. Award Set Aside or Subject to Set-Aside Proceedings            655

    § 4.15. Award Decides Matters Not Capable of Resolution by Arbitration    666

    § 4.16. Post-Award Relief Contrary to Public Policy             680

     

    SUBTOPIC (B)

    U.S. CONVENTION AND NON-CONVENTION AWARDS

     

    § 4.17. Award Procured by Corruption, Fraud, or Undue Means      693

    § 4.18. Evident Partiality by the Arbitrators             699

    § 4.19. Arbitrator Misconduct      705

    § 4.20. Arbitral Tribunal Exceeded Its Powers         712

     

     

     

    SUBTOPIC (C)

    PARTY MODIFICATION AND WAIVER OF GROUNDS

     

    § 4.21. Agreements to Expand Grounds for Post-Award Relief         727

    § 4.22. Agreements to Reduce or Eliminate Grounds for Post-Award Relief 732

    § 4.23. Waiver of Objections in Post-Award Actions            738

     

    TOPIC 3

    CONDUCT OF POST-AWARD ACTIONS

     

    § 4.24. Subject Matter Jurisdiction in Post-Award Action    745

    § 4.25. Personal Jurisdiction in Post-Award Action               762

    § 4.26. Sovereign Immunity and Act of State in Post-Award Action 772

    § 4.27. Forum Non Conveniens in Post-Award Action          784

    § 4.28. Proper Plaintiff in Post-Award Action          794

    § 4.29. Proper Defendant in Post-Award Action     797

    § 4.30. Statute of Limitations in Post-Award Action             801

    § 4.31. Procedural Issues in Post-Award Action      812

    § 4.32. Appeal from Ruling in Post-Award Action   818

     

    TOPIC 4

    CORRECTION, MODIFICATION, AND REMAND OF AWARDS

     

    § 4.33. Correction and Modification of Convention Awards

                  Made in the United States              823

    § 4.34. Remand to the Arbitral Tribunal of Convention Awards

                  Made in the United States              831

     

    TOPIC 5

    PRECLUSIVE EFFECT OF ARBITRAL AWARDS

     

    § 4.35. Claim Preclusive Effect of Arbitral Award   837

    § 4.36. Issue Preclusive Effect of Arbitral Award    856

     

    CHAPTER 5

    INVESTOR–STATE ARBITRATION

     

    Introductory Note            871

     

    TOPIC 1

    LAW GOVERNING THE JUDICIAL ROLE IN INVESTOR–STATE ARBITRATION

     

    § 5.1. Legal Framework Governing the Judicial Role in Investor–State

               Arbitration              876

     

     

    TOPIC 2

    ENFORCEMENT OF THE OBLIGATION TO ARBITRATE

     

    § 5.2. Enforcement of the Arbitration Agreement 890

    § 5.3. Defenses to Enforcement of Agreements to Arbitrate an

               Investor–State Dispute        896

     

    TOPIC 3

    COURT INVOLVEMENT IN INVESTOR–STATE ARBITRAL PROCEEDINGS

     

    § 5.4. The Judicial Role in Investor–State Arbitral Proceedings         903

     

     

    TOPIC 4

    POST-AWARD RELIEF IN INVESTOR–STATE ARBITRATION

     

    § 5.5. Grounds for Post-Award Relief in Connection with

               Investor–State Arbitration  916

    § 5.6. The Conduct of Post-Award Actions in Connection with

                Investor–State Awards       929

     

     

    APPENDICES

     

    Appendix A - Convention on the Recognition and Enforcement of Foreign

                              Arbitral Awards      951

    Appendix B - Inter-American Convention on International Commercial

                              Arbitration              957

    Appendix C - Federal Arbitration Act          961

    Appendix D - Convention on the Settlement of Investment

                              Disputes between States and Nationals of Other States         969

    Appendix E - ICSID Convention Implementing Legislation   981

    Appendix F - Black Letter of Proposed Final Draft  983

    The Proposed Final Draft contains all Chapters of the project: General Provisions; Enforcement of the Arbitration Agreement; The Judicial Role in Connection with the Arbitral Proceeding; Post-Award Relief; and Investor–State Arbitration. The draft was approved by the membership at the 2019 Annual Meeting, subject to the discussion at the Meeting and to the usual editorial prerogative. This material may be cited as representing the Institute’s position until the official text is published.