Written by attorneys · grounded in primary & secondary sources — see below
2 senses
1
accounting
An abbreviation designating Accounting Research Bulletins issued by the American Institute of Certified Public Accountants to establish authoritative accounting principles.
2
arbitration
An abbreviation for arbitration, a private dispute-resolution proceeding in which a neutral third party renders a binding award after receiving evidence and argument from the participants.
Each sense below has its own examples, sources, and questions.
Sense 1
1
accounting
An abbreviation designating Accounting Research Bulletins issued by the American Institute of Certified Public Accountants to establish authoritative accounting principles.
Sources & Authorities· 1 source
Select any source to read its text and confirm it supports the definition.
Dictionaries
Sense 2
2
arbitration
An abbreviation for arbitration, a private dispute-resolution proceeding in which a neutral third party renders a binding award after receiving evidence and argument from the participants.
Sources & Authorities· 3 primary sources
Select any source to read its text and confirm it supports the definition.
Judge Elena Morales receives a request from former colleagues to serve as arbitrator in a commercial contract dispute between Arcadia Retail and Argonaut Shipping. She declines the appointment because her official judicial duties do not authorize the additional role. The parties must locate another neutral to conduct the proceeding.
Former Arbitrator Seeks to Represent Party
Attorney Marcus Hale previously served as arbitrator in a labor grievance between Apollo Energy and its union. Hale now wishes to represent Apollo in a new lawsuit arising from the same underlying facts. The union refuses consent, so Hale may not accept the representation.
Lawyer Acts as Third-Party Neutral
Attorney Priya Singh assists Arcadia Retail and Artemis Logistics in mediating a supply-contract disagreement without representing either side. Singh explains to both companies that she serves only as a neutral facilitator. The mediation concludes with a signed settlement agreement.
Union Seeks Arbitration of Workload Grievances
The Textile Workers Union files grievances against Lincoln Mills concerning work assignments under their collective bargaining agreement. After exhausting the contractual steps, the union demands arbitration. The court orders the employer to arbitrate the disputes.
Textile Workers Union of Am. v. Lincoln Mills of Ala.353 U.S. 448 (1957)
Passengers Challenge Cruise Arbitration Clause
Eugene and Mary Shute sue Carnival Cruise Lines in Washington state court after suffering injuries on a cruise. The ticket contains a clause requiring arbitration of all disputes in Florida. The Supreme Court enforces the clause and directs the parties to arbitration.
Carnival Cruise Lines, Inc. v. Shute499 U.S. 585 (1991)
Insurers Challenge State Holocaust Arbitration Rules
The American Insurance Association sues California officials over a statute requiring insurers to participate in arbitration of Holocaust-era claims. The Court holds that federal foreign-affairs power preempts the state arbitration mandate. The insurers avoid the compelled proceeding.
American Insurance Association v. Garamendi539 U.S. 396, 123 S. Ct. 2374, 156 L. Ed. 2d 376 (2003)
Frequently Asked3
May a judge serve as an arbitrator in a private dispute?+
A judge may not act as an arbitrator apart from official duties unless expressly authorized by law.
Supporting sources
What restriction applies to a lawyer who previously served as an arbitrator?+
The lawyer may not represent a party in a substantially related matter without informed written consent from all participants.
Supporting sources
How does the Model Rules define service as a third-party neutral?+
A lawyer serves as a third-party neutral when assisting non-clients to resolve a dispute between them, including as an arbitrator or mediator.
Supporting sources
471 U.S. 462 (1985)Civil Procedure
…have suggested to Rudzewicz that by negative implication such suits could be filed there. The lease also provided for binding arbitration in Miami of certain condemnation disputes, id. , at 113, and Rudzewicz conceded the validity of this provision at oral argument, Tr. of Oral Arg. 37. Although it does not govern the…