In Re Arbitration Between De Laurentiis & Cinematografica De Las Americas, S. A.

Chief Judge Desmond.

We granted petitioner leave to appeal so that we might consider certain problems in the law of arbitration.

In 1957 petitioner De Laurentiis, an Italian producer of motion pictures, respondent Cinematográfica, a Panamanian corporation which distributes films, and respondent Enrique Campos Menendez, an author (herein called “ Campos ”), made a written agreement whereby the three parties covenanted to do what was necessary for the production and distribution of a motion picture to be based on Campos’ biography of the South *507American patriot Bolivar. De Laurentiis, as producer,…