McCarran-Ferguson Act Does Not Supersede N.Y. Convention or FAA, Ark. Federal Court Rules

[Editor's note: Christina Gallo of Carlton Fields is a commercial litigator in the state and federal courts of New York and New Jersey as well as in arbitration tribunals. Her practice focuses on insurance coverage disputes, bad faith litigation, complex commercial disputes, shareholder disputes, and consumer fraud litigation.]

In a case involving an arbitration agreement between foreign nationals and U.S. citizens, which is governed by the Convention on the Recognition and Enforcement of Foreign Arbitral Awards and its implementing legislation, chapter II of the FAA, the U.S. District Court for the Western District of Arkansas found that the McCarran-Ferguson Act …