Voluntary Arbitration Act of 1993 - Requires each party to a sales and service contract that provides for the use of arbitration in resolving controversies to have the option to reject arbitration as the means of settling a controversy.
Requires the arbitrator, in making an award in any controversy arising out of or relating to such a contract, to provide the parties with a written explanation of the factual and legal basis for the award. Allows any such award to be vacated by a court order whenever the court finds that the arbitrator disregarded the law of the State or jurisdiction in which the retailer's facilities are located.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E610)
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Economic and Commercial Law.
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