In the Daily Report, John Amabile and Eric Cottrell offered practical advice on how businesses can make the most of arbitration in light of a recent U.S. Supreme Court ruling.
"The ruling in Coinbase v. Bielski on June 23 reflects a continuing statement that, as a matter of public policy, arbitration provisions are to be enforced, and that if a court is to err, it should generally err in favor of enforcing the arbitration provision," they wrote. "In fact, the justices arguably elevated arbitration provisions to a preferred plane over other contract provisions."
"The ruling makes arbitration that much more attractive to large companies and many other businesses," they continued. "They and their lawyers can view the decision as another tool to pause or avoid class actions and other types of expensive litigation in favor of arbitration. They should also use the decision as an opportunity to review the arbitration provisions in their contracts to maximize the value of arbitration."
Subscribers can read the full article here: How Businesses Can Maximize the U.S. Supreme Court’s Latest Arbitration Ruling
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