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FL S1114
Bill
Status
1/11/2010
Primary Sponsor
Larcenia Bullard
Click for details
AI Summary
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Replaces Florida's international arbitration law with the "Florida International Commercial Arbitration Act" based on the UNCITRAL Model Law, applying to international commercial arbitrations with a seat in Florida.
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Establishes comprehensive arbitration procedures including: arbitrator appointment and challenge mechanisms, tribunal jurisdiction determinations, interim measures of protection, arbitral proceedings rules, and award formation requirements.
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Allows courts to intervene only as authorized by the act, including referring parties to arbitration when an arbitration agreement exists, granting interim measures, and assisting in witness examination.
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Permits arbitral tribunals to grant interim measures and preliminary orders to preserve the status quo, prevent harm, preserve assets, or maintain evidence; preliminary orders expire after 20 days but may be replaced by interim measures after the other party is heard.
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Limits court review of arbitral awards to a 3-month window post-award, allowing set-aside only on grounds including party incapacity, invalid arbitration agreement, lack of proper notice, decisions beyond arbitration scope, procedural violations, or public policy conflicts.
Legislative Description
International Commercial Arbitration [CPSC]
Last Action
Read 3rd time -SJ 00739; Substituted CS/HB 821 -SJ 00739; Laid on Table, companion bill(s) passed, see CS/HB 821 (Ch. 2010-60) -SJ 00739
4/22/2010