California International Arbitration Council Applauds Governor Jerry Brown For Signing International Arbitration Bill
By: California International Arbitration Council
SAN FRANCISCO - July 19, 2018 - PRLog -- The California International Arbitration Council (CIAC) today heralded and thanked Governor Jerry Brown for signing - and the California legislature for unanimously passing - SB766, which will lead to the continued growth of international arbitration in California and increased international opportunities for California businesses.
"The unanimous passage of the bill sends a clear message that, when it comes to international arbitration, California's doors are now opened wide," said Maria Chedid, a San Francisco partner in the law firm of Arnold & Porter and a Founder of the CIAC.
Before the bill was passed, a gap in the law left non-California lawyers with uncertainty about their ability to appear in international arbitrations in the state, and as a result deterred foreign lawyers and their clients from agreeing to hold international arbitrations in California. The bill makes clear, Chedid said, that lawyers admitted to practice in a foreign jurisdiction may now come to California to represent their clients in international arbitrations to the same extent as other favored arbitral seats in the U.S. and around the globe.
California parties can also enjoy the benefits of having their international business disputes decided closer to home. Both the California Senate and Assembly Judiciary Committees saw the bill as an economic development bill for all California businesses. California's economy recently surpassed that of the United Kingdom to become the world's fifth largest.
CIAC is a non-profit organization devoted to supporting California businesses in international trade and investment through the advancement of international arbitration in California.
Maria Chedid at maria.chedid@
Howard Miller at HMiller@jamsadr.com