Financial Times FT.com

Supreme Court assesses role of arbitration

By Patti Waldmeir in Washington

Published: November 8 2007 02:00 | Last updated: November 8 2007 02:00

The US Supreme Court yesterday struggled to determine the future of arbitration, the privatised form of justice that has long been seen by business as a way to restrain excessive litigation costs.

The court's foray into the field is being closely watched by the business community at a time of increasing concern that the high cost of US lawsuits is hampering the competitiveness of markets.

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