In the years before arbitration became enforceable, corporations found that many assets and business relationships were being destroyed through years of expensive litigation.  In their requests for a simpler method, the U.S. Arbitration Act of 1925 was passed by Congress.  The subsequent Federal Arbitration Act as it applies today was further defined by the Supreme Court in the late 20th century and preempts state arbitration laws.

Agreements to abide by arbitration are legally binding and decisions found by arbitration are generally final and binding.  Certain disputes may be excluded from arbitration by law.

Arbitration proceedings may be between individuals, corporation or states. It may also be used between parties in different countries and even can be used to settle World Trade Organization disputes between countries.  The use of arbitration between employees and employers is becoming common to resolve disputes of defamation, discrimination and others.

Labor Arbitration

Wage and other labor disputes are commonly resolved through binding arbitration.  Labor unions have embraced the arbitration process for at least the last 100 years. Arbitration has been made a key facet of federal labor policy by the Supreme Court. Organizations such as Major League Baseball, the NBA and others settle disputes with players through an arbitration process.

Judicial Arbitration

Arbitration over child custody and other family law disputes can by ordered by some state courts.  Although not binding, the arbitration process is used as a first step in resolving such disputes.

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• Carlyle Drops Arbitration Clause From IPO Plans New York Times
New York TimesCarlyle Drops Arbitration Clause From IPO PlansNew York TimesAs DealBook39s Deal Professor, Steven M. Davidoff, wrote at the time of the filing, Traditionally, the SEC has refused to allow IPO39s to go forward with these types of arbitration clauses, at least if the clause purported to cover federal securities and more raquo
• Abu Dhabi To Host The First Court Of Arbitration For Sport CAS Outside WAM ...
Abu Dhabi to host the first Court of Arbitration for Sport CAS outside WAM Emirates News AgencyICAS creation was among the result of Paris Agreement. In principle, two types of dispute may be submitted to CAS: those of commercial nature and those of disciplinary nature. CAS has 264 arbitrators, 7 among them are from Arab nationalities.and more raquo
• Dr. Clarisse Von Wunschheim On Arbitrating Your China Disputes, Part II Chi...
Dr. Clarisse von Wunschheim On Arbitrating Your China Disputes, Part II China Law Blog blogIn my previous post, I tried to establish that though the question of whether to arbitrate in or outside China may seem to be primarily relevant for so called 39foreign related39 contracts, it actually concerns all kinds of China related contracts.
• Schwab Clientwaiver Spurs FINRA Complaint Reuters
Schwab client waiver spurs FINRA complaintReutersSchwab also required customers to agree that industry arbitrators would not have the authority to consolidate claims from multiple parties. These types of consolidated cases are common, but typically include far fewer claimants than those in a class and more raquo
• Shareholder Arbitration Requirement, IRSMutual Funds, Finra: Compliance Bloo...
Shareholder Arbitration Requirement, IRS Mutual Funds, Finra: ComplianceBloombergThe buyout firm this month amended a regulatory filing to require future shareholders to resolve claims against it through arbitration. The US Securities and Exchange Commission, which blocked an initial public offering with a less restrictive and more raquo