Ch. 333 LAWS OF MARYLAND

defining certain terms; specifying the purpose of this Act; establishing the
governing law under certain circumstances; authorizing the circuit courts to
enforce agreements and orders under this Act; establishing certain requirements
for venue; permitting a party to request preaward security under certain
circumstances; providing for intervention by the courts of this State under certain
circumstances; establishing procedures for appeals; and generally relating to
international commercial arbitration.

BY adding to

Article - Courts and Judicial Proceedings

Section 3-2B-01 through 3-2B-09 to be under the new subtitle "Subtitle 2B.

International Commercial Arbitration"
Annotated Code of Maryland
(1989 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Courts and Judicial Proceedings

SUBTITLE 2B. INTERNATIONAL COMMERCIAL ARBITRATION

3-2B-01.

(A) IN THIS SUBTITLE, THE FOLLOWING TERMS HAVE THE
MEANINGS INDICATED.

(B) (1) "INTERNATIONAL COMMERCIAL ARBITRATION" MEANS
AN ARBITRATION IN WHICH:

(I) AT LEAST 1 OF THE PARTIES TO THE ARBITRATION
AGREEMENT HAS A PLACE OF BUSINESS THE RELEVANT PLACE OF
BUSINESS OF AT LEAST 1 OF THE PARTIES TO THE AGREEMENT IS IN A
COUNTRY OTHER THAN THE UNITED STATES; OR

(II) IF NONE OF THE PARTIES HAS A RELEVANT PLACE OF
BUSINESS IN A COUNTRY OTHER THAN THE UNITED STATES, THE
RELATIONSHIP BETWEEN ANY OF THE PARTIES TO AN ARBITRATION
AGREEMENT INVOLVES PROPERTY LOCATED ABROAD, ENVISAGES
PERFORMANCE OR ENFORCEMENT ABROAD, OR HAS SOME OTHER
REASONABLE RELATION WITH 1 OR MORE FOREIGN COUNTRIES.

(2) (I) IF A PARTY HAS MORE THAN 1 PLACE OF BUSINESS,
THE RELEVANT PLACE OF BUSINESS SHALL BE THAT WHICH THE PLACE
OF BUSINESS:

1. THAT HAS THE CLOSEST RELATIONSHIP TO THE
ARBITRATION AGREEMENT; OR

2. DESIGNATED BY THE AGREEMENT OF THE
PARTIES.

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