Loyola University Chicago Law Journal Volume 6 Article 10 Issue 3 Summer 1975 1975 International Arbitration - Scherk v. Alberto-Culver Co., The Exemption of International Contracts from the Wilko Doctrine Voiding Agreements to Arbitrate Securities Disputes Mahir Jalili Follow this and additional works at: http://lawecommons.luc.edu/luclj Part of the International Law Commons, and the Securities Law Commons Recommended Citation Mahir Jalili, International Arbitration - Scherk v. Alberto-Culver Co., The Exemption of International Contracts from the Wilko Doctrine Voiding Agreements to Arbitrate Securities Disputes, 6 Loy. U. Chi. L. J. 738 (1975). Available at: http://lawecommons.luc.edu/luclj/vol6/iss3/10 This Comment is brought to you for free and open access by LAW eCommons. It has been accepted for inclusion in Loyola University Chicago Law Journal by an authorized administrator of LAW eCommons. For more information, please contact
[email protected]. INTERNATIONAL ARBITRATION-Scherk v. Alberto- Culver Co., The Exemption of International Contracts from the Wilko Doctrine Voiding Agreements to Arbitrate Securities Disputes INTRODUCTION Arbitration may be defined as a voluntary agreement by the parties to a contract which provides that any controversy arising out of the contract will be settled by a neutral body or panel provided for in the contract, rather than by litigation in the courts. Arbitration has been long approved and widely used in the settlement of commercial dis- putes in a speedy and efficient manner by arbitrators familiar with the customs and practices of the trade, without the formalities and com- plexities of judicial proceedings.' When a controversy arises between two parties who have made an agreement in connection with the purchase of securities to arbitrate future disputes, a court is faced with the difficult problem of reconcil- ing the right of the plaintiff to have his dispute determined in a judi- cial forum and the right of the defendant to resort to arbitration.