Supreme Court of Alabama

Regions Bank and Morgan Keegan & Company, Inc. v. Baldwin County Sewer Service, LLC Morgan Keegan & Company, Inc. V…

September 21, 2012106 So. 3d 383

Summary

The court held that BCSS's claims concerning the ISDA master agreement and the 2007 interest-rate swap were subject to arbitration under the broad arbitration clauses in the related credit agreements. Applying New York law, it concluded that the ISDA merger clause, forum-selection clause, and jury-trial waiver did not override or negate those arbitration provisions. The court therefore reversed the trial court's partial denial of arbitration and remanded for further proceedings.