Louisiana Senate Bill SR157

Louisiana 2012 Regular Session

• Introduced: 5/29/12
• Passed: 5/30/12

Caption

Requests the Louisiana State Law Institute to study the Louisiana Binding Arbitration Act.

Impact

The bill's impact could be significant as it addresses the growing concerns regarding the arbitration process, which has been criticized for becoming increasingly time-consuming and expensive. By directing the Louisiana State Law Institute to explore changes, the resolution aims to facilitate a more just and economically viable arbitration experience for both individuals and businesses in Louisiana. This could have implications for broader legal practices and dispute resolution strategies across the state.

Summary

Senate Resolution No. 157 urges the Louisiana State Law Institute to review and study the Louisiana Binding Arbitration Act. The resolution seeks to identify opportunities for improving arbitration processes within the state, with an explicit focus on enhancing efficiency and reducing costs. Recognizing that arbitration serves as a preferred method for dispute resolution both in Louisiana and federally, SR157 emphasizes the need for a systematic evaluation of the existing framework of arbitration contracts.

Sentiment

The sentiment surrounding SR157 is generally supportive of reforming arbitration laws to ensure they meet contemporary needs. Advocacy for change within the arbitration framework is indicative of a recognition by lawmakers that the current state of arbitration does not serve the public's interest effectively. As such, those in favor of the resolution view it as a proactive step towards legal reform that could benefit a wide range of parties involved in disputes.

Contention

While SR157 does not garner substantial contention in public discussions, it highlights an underlying tension between maintaining current arbitration practices and the need for reform. Stakeholders in the legal system may have varying opinions on the necessity and extent of proposed changes, particularly regarding the 'loser-pay' provisions and the limits on evidence in arbitration. The outcome of the study could stir varying responses depending on the recommendations made by the Louisiana State Law Institute and how they align with the interests of various parties involved.