Draft Restatement on International Commercial Arbitration accepted by the ALI annual meeting

I had stated in a previous post that ALI would debate Restatement (Third) of the United States Law of International Commercial Arbitration on Tuesday. The annual meeting has approved Draft 1 which contains Chapter 1 (definitions) and Chapter 5 (recognition and enforcement of arbitral awards). A report can be found on the ALI blog. 

American Law Institute to debate Draft Restatement (Third) of International Commercial Arbitration on Tuesday

The draft of Third Restatement of US Law on International Commercial Arbitration is to be presented before ALI for approval at its 2010 annual conference. The work on the topic commenced in 2007. The agenda of the annual conference lists the item for discussion at 3:00 pm, Tuesday, 18th May 2009. Mr. Kirk Jenkins, a member of ALI promises here that there will be live blogging of the discussions here and on the ALI blog. It may be of interest to the readers to watch these spaces.