Despite its title, the American Law Institute's Restatement (Third) of the U.S. Law of International Arbitration is the ALI's first Restatement ever on the subject of international commercial arbitration. The ALI commissioned this Restatement not merely because the subject has become so important in international commerce, but because the American law on the subject is deeply unsettled. After all, the purpose of Restatements is to bring clarity and coherence and, where necessary, improvement to the law. Historically, Restatements have concentrated on state rather than federal law subjects precisely because of the discrepancies among the laws of the several states on a given subject. But increasingly the federal law on the subject has been found to be in a sufficiently confused state to justify a Restatement effort.
Dispute Resolution and Arbitration | International Law | Law
George A. Bermann,
The Restatement of the U.S. Law of International Commercial Arbitration: An Interim Report,
Rev. Bras. Arb.
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