Does Multiparty Arbitration Lose Its International Nature When the Only Foreign Party Exits? A Critical Analysis of a Landmark Ruling by the Chilean Supreme Court
On 28 May 2024, the Chilean Supreme Court rendered a landmark ruling in Albemarle Limitada v Emaresa Ingenieros y Representaciones S.A. & Or (see Case No. 10854-2024). The case concerned an international arbitration seated in Chile under the Law No. 19,971 on International Commercial Arbitration (“LACI”), which follows the UNCITRAL Model Law. This case raised…