美国证券交易仲裁制度及其立法借鉴

On U.S. Securities Exchange Arbitration System and its Legislative Reference

美国证券交易仲裁经历了一个逐步发展的过程。在20世纪50年代到70年代,美国最高法院对于证券交易仲裁持消极态度。直到80年代,证券交易仲裁才最终得到最高法院的支持。证券交易纠纷仲裁主要涉及纠纷的可仲裁性、公平性、司法审查等问题。作为一种多元化的纠纷解决方式,美国证券交易仲裁制度对我国证券仲裁制度的构建具有借鉴意义。

The securities exchange arbitration has undergone a process of gradual development in the United States. From the 1950s to the 1970s, the U. S. Supreme Court held a negative attitude towards the securities exchange arbitration. It was not until 1980s that the securities exchange arbitration was ultimately supported by the Supreme Court. Securities exchange arbitration involves the arbitrability of the dispute, fairness, judicial review and other issues. As the U.S. securities exchange arbitration system has the characteristics of a wide range of dispute resolutions, there is something we can learn for the construction of China＇ s securities exchange arbitration system.