Federal Arbitration Act ("FAA") the governing statute. Multiple courts have held that statutes of limitations simply do not apply in an arbitration proceeding without some contractual provision.File Complaint and initiate Lawsuit – Serve Filed Complaint on Defendant – the civil law time limit is sixty (60) days after filing. A: The statute of limitations to bring a contract claim is the same as in New York, namely, four years. The twoyear statute of limitations had not run as of July 2020 when ROIC filed its complaint initiating this action. The EFAA directly amended the Federal. Arbitration Act and, upon their election, allows people alleging sexual assault or sexual harassment. The answer is that a typical statute of limitations probably does not apply to an arbitration. I say "probably" because there is a split of authority.