With little fanfare the United States in 1970 revolutionized its treatment of private international arbitration by acceding to the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards and by amending the federal arbitration statutes to give extremely broad effect to the arbitral remedy in most international transactions. As a result, a party with an agreement to arbitrate an international commercial dispute to which the new enactments apply can look to the federal courts and federal law for enforcement of the agreement to arbitrate and for recognition of the award of the arbitrators, regardless of whether the arbitration is to take place in the United States or abroad.
Donald P. Swisher,
International Commercial Arbitratikon under the United Nations Convention and the Amended Federal Arbitration Statute,
47 Wash. L. Rev.
Available at: https://digitalcommons.law.uw.edu/wlr/vol47/iss3/2