Introduction

It would be idyllic to think that the venerable Federal Arbitration Act[1] ("FAA") has now matured, like a finely aged wine, to the point that it has become a divinely finished product, perfected for consumption and beyond further improvement. As is usually the case with such meanderings, however, reality requires a more sobering perspective. In the corporeal world of domestic and international arbitration, the FAA has proved awkward and sadly deficient and some scholars have thus argued vigorously for its revision.[2] The drafters of new or revised arbitration statutes also have ...