The Supreme Court recently decided two key cases interpreting the Federal Arbitration Act (FAA) (Hall Street Associates LLC v. Mattel Inc., --- U.S. --- (No. 06-989) (3/25/08); Preston v. Ferrer, --- U.S. ----, 128 S.Ct. 978 (No. 06-1463) (2/20/08)). In this hot topics presentation, Steve Bennett discusses the legal and practical impact of these decisions, including how practitioners may wish to craft arbitration agreements to respond to these new interpretations.