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GA SB383
Bill
Status
Passed
5/2/2012
Primary Sponsor
Bill Hamrick
Click for details
AI Summary
- Repeals the existing Part 2 of Georgia's arbitration code (relating to international transactions) and replaces it with the new "Georgia International Commercial Arbitration Code"
- Establishes a comprehensive framework for international commercial arbitration in Georgia, covering arbitration agreements, arbitrator selection and challenges, interim measures, proceedings, awards, and enforcement
- Defines arbitration as "international" when parties have places of business in different countries, the arbitration or substantial obligations occur outside the parties' home country, or the parties expressly agree the subject matter relates to more than one country
- Limits grounds for setting aside or refusing enforcement of arbitration awards to specific circumstances, including party incapacity, invalid agreements, lack of proper notice, awards exceeding scope of submission, or conflict with U.S. public policy
- Effective July 1, 2012, applying only to international arbitration agreements entered into on or after that date, with prior agreements remaining governed by the former law
Legislative Description
'Georgia International Commercial Arbitration Code'; repeal Part 2, relating to international arbitration
Last Action
Effective Date
7/1/2012
Committee Referrals
Judiciary2/22/2012
Judiciary2/6/2012
Full Bill Text
No bill text available