Act May Invalidate Arbitration Provisions For Cos.

Law360, New York (August 28, 2008, 12:00 AM EDT) -- One year and three days after its introduction, the so-called "Arbitration Fairness Act of 2007" has advanced in the U.S. House of Representatives. This legislation would, as reported in a prior legal news alert from our firm, invalidate pre-dispute agreements to arbitrate "franchise," "consumer," and "employment" disputes as defined by the statute.

On July 15, 2008, the House Judiciary Committee's Subcommittee on Commercial and Administrative Law (Subcommittee) reported the bill without amendment. At the same time, the Subcommittee reported the so-called "Automobile Arbitration Fairness Act of...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.