Arbitration Institutions and Rules, Arbitration Proceedings, Arbitrator Challenges, Arbitrators, Expedited arbitration, Multiple parties, Russia

(Karimullin Law Firm)/ /Leave a comment

Arbitration has become a preferred method for the resolution of international commercial disputes in Russia, mostly thanks to the activities of the Moscow-based International Commercial Arbitration Court (“ICAC“, the Russian acronym “MKAS“) at the RF Chamber of Commerce and Industry. Established in 1932 as the Foreign Trade Arbitration Commission placed under the USSR National Chamber…

Arbitration, Argentina, Consolidation, Latin America, Uncategorized, Uruguay

(Permanent Court of Arbitration)/ /Leave a comment

In Scherk v. Alberto-Culver Co, the US Supreme Court stated that “[a] contractual provision specifying in advance the forum in which disputes shall be litigated and the law to be applied is an almost indispensable precondition to achievement of the orderliness and predictability essential to any international business transaction.”  While this statement holds almost invariably…

Arbitral Award, Argentina, BIT, Damages, Damages experts, Uncategorized

(Herbert Smith Freehills) and (AlixPartners LLP)/ /Leave a comment

On December 21, 2016, the Tribunal in Hochtief v Argentina issued an award on damages against Argentina in an arbitration brought under the Argentina-Germany BIT.  The Claimant had alleged multiple treaty breaches by Argentina, arising out of the 2000 economic crisis, and originally sought US$ 54 million in damages.  Although the Tribunal found that Argentina…

Arbitration, IBA, ICC, PCA, SCC, Stockholm Treaty Lab

(Climate Change Counsel)/ /Leave a comment

Nearly one hundred climate scientists, economists, policy specialists, investors, and lawyers recently convened in Stockholm for the conference “Bridging the Climate Change Policy Gap: The Role of International Law and Arbitration” organized jointly by the Arbitration Institute of the Stockholm Chamber of Commerce (“the SCC”), the International Bar Association, the International Chamber of Commerce and…

Arbitration, Diversity, Surveys

(University of Aberdeen)/ /3 Comments

Diversity in arbitral tribunals has already received a considerable amount of attention at this blog, especially in regards to gender diversity (post are available here, here, and here). The discussion is, of course, still ongoing and far from reaching the desired goals. On 10 January 2017, Berwin Leighton Paisner released an annual arbitration survey titled…

Arbitration Act, Arbitration institution, Arbitrators, Bulgaria, Consumer disputes, Set aside an arbitral award

(Colibra Insurance)/ /Leave a comment

Background Bulgarian arbitration law has been an area of rare developments. It is incorporated in the International Commercial Arbitration Act (“ICAA”), adopted in 1988 as almost a direct translation of the UNCITRAL Model Law on International Commercial Arbitration in its 1985 version. The only major reform of ICAA was its extension to arbitrations between entirely…

Damages, Damages experts, Interest rates, LIBOR

, (Charles River Associates)/ /Leave a comment

The selection of an interest rate to apply to an arbitral damages award can be an important determinant of the total award. For example, prejudgment interest added 26% to damages across 63 ICSID awards since 2000. Consistent with this notion, many international investment treaties specify claimants be compensated at a reasonable or normal “commercial rate.”…

Arbitration, Confidentiality, Confidentiality and Transparency, Croatia, Independence and Impartiality, International arbitration, Slovenia

(Ministry of Foreign and European Affairs of the Republic of Croatia)/ /Leave a comment

The first weeks of 2017 have again seen an exchange between Croatia and Slovenia about the continued work of the Arbitral Tribunal expected to decide this year on the course of the boundary between the two states. The Tribunal – formed under the 2009 Arbitration Agreement – will do so despite Croatia’s decision to terminate…

Arbitration, Document Production, Evidence, Procedure

(Schoenherr)/ /4 Comments
Schoenherr

Having disposed of yet another forest worth of pristine hearing bundles, I wonder: when will arbitration finally go paperless? Gillian Lemaire asked the same question in a 2014 piece called “Where Do We Stand?” She looked at the legal and factual obstacles that paperless arbitrations face. Finding that, in reality, there were few, she proposed…

Arbitration Institutions and Rules, Investment, Investment Arbitration, Investment protection, SIAC, Singapore, Singapore International Arbitration Centre

(Corrs Chambers Westgarth)/ /Leave a comment
Young ICCA

On 30 December 2016, The Singapore International Arbitration Centre (SIAC) finally released the first edition of its Investment Arbitration Rules (IA Rules). The IA Rules were first published as draft rules on 1 February 2016, and were discussed in a previous article. The IA Rules, which came into effect on 1 January 2017, now reflect…

Applicable Law, Arbitral seat, Arbitration Agreement, Arbitration clause, Commercial Arbitration, Governing Law, Seat of the arbitration, Separability

(Al Tamimi & Company)/ /Leave a comment

Introduction In BCY v BCZ [2016] SGHC 249, the High Court of Singapore found that parties could not be bound by an arbitration agreement that was part of an unexecuted underlying contract. This post examines the analysis taken by the Singapore High Court vis-à-vis the Swiss Supreme Court, in a similar fact pattern.   The…

Italy, Third party funding

, (Lombardi Segni e Associati)/ /Leave a comment

On Friday 13 January 2017, the Italian law firm Lombardi Segni e Associati hosted an ICC YAF event on Third-Party Funding (“TPF”) at its Milan office. The debate was introduced by Philippe Pinsolle (Partner, Quinn Emmanuel), key-note speaker of the event. Yasmin Mohammad (Senior Counsel, Vannin Capital), Shannon Lazzarini (Head of Group Litigation, Unicredit) and…

Admissibility, Arbitration, Arbitration Proceedings, Preliminary Ruling, SCC Rules, Summary procedure

(Akbaba Legal)/ /Leave a comment

The new arbitration rules of the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC Rules” or “Rules”) entered into force on 1 January 2017. These Rules introduced a new procedure in Article 39 that is, in fact, uncommon to most of the renowned arbitration rules, including the ICC Rules of Arbitration (2012), the LCIA…

Anti-ISDS Propaganda, Arbitration, Arbitration Proceedings, BIT, Investment Arbitration, ISDS, Poland

(Kancelaria Adwokacka Adwokat Marcin Orecki)/ /Leave a comment

Much ink has recently been spilt on the Investor State Dispute Settlement (“ISDS”) system, especially in the light of the Comprehensive Economic and Trade Agreement (“CETA”), and the Transatlantic Trade and Investment Partnership (“TTIP”) (summary of criticism recently collected by G. Kaufmann-Kohler, M. Potesta, at 10, available here). The existence of a potential overlap and…

Arbitration, Arbitration Agreements, Arbitration clause, Arbitration Clause Incorporated by Reference, Enforcement, International arbitration, Russia

(Egorov Puginsky Afanasiev & Partners)/ /Leave a comment

The question of the validity of an arbitration clause incorporated by reference is debatable in international arbitration. The approach of national courts to the issue varies from jurisdiction to jurisdiction (e.g., see here). The Russian Law on International Arbitration (1993) is based on the UNCITRAL Model Law. In particular, the Law provides in Article 7…

Anti-suit injunction, Arbitration, Brexit, New York Convention, UK

(Linklaters)/ /Leave a comment

Last week, Theresa May delivered her long-awaited speech setting out Britain’s broad objectives in forthcoming Brexit negotiations with the EU. She confirmed the rumours of a “hard Brexit” by indicating Her Majesty’s Government’s intention to see the UK out from the Single Market and the Custom Union and to seek “a new and equal partnership…

Arbitration, Corruption, Criminal law and arbitration, Croatia, Domestic Courts, Investment Arbitration

(OMNIA STRATEGY LLP, London)/ /Leave a comment

  Arbitral tribunals are increasingly faced with allegations of corruption. In these situations, arbitral proceedings and criminal investigations frequently go in tandem. Their findings overlap and may influence one another. Regardless of the many instances where corruption is alleged, there have been only a few investment cases in which a finding of corruption was actually…

International arbitration, Investment, Investment protection, Myanmar, Uncategorized

(White & Case LLP)/ /Leave a comment

Introduction “The world is curious about Myanmar”, said U Htay Aung, Union Minister of Hotels and Tourism of Myanmar at the World Economic Forum on East Asia in 2013. And indeed, he is right. This article serves as evidence. Myanmar has managed to take a number of important steps in gradually opening up its economy,…

UAE, Uncategorized

(Musick, Peeler & Garrett LLP)/ /Leave a comment

When implemented and understood properly by all players involved, international commercial arbitration should run like a well-oiled machine. Jurisdictions such as France, the United Kingdom, Sweden and Switzerland understand this – from the legislature, to the courts, to the practitioners and parties involved.  Many other jurisdictions, such as the United States, Singapore and Hong Kong…

Arbitration institution, Arbitration Institutions and Rules, Consolidation, Expedited arbitration, Joinder, Peru

(Universidad Nacional Mayor de San Marcos, Faculty of Law)/ /Leave a comment

In January 2017 the new Lima Chamber of Commerce Arbitration Rules (the “new LCC Rules”) will come into force. These rules seek to provide a better regulatory framework and improve the efficiency of arbitration by taking into consideration the world´s leading international arbitration institutions’ rules. Numerous key changes have been made to ensure the quality…

India, kompetenz-kompetenz

(National Law University Odisha )/ /Leave a comment

A few months back, the Supreme Court of India attempted to set the issue of arbitrability of fraud at rest in the case of A. Ayyasamy v. A. Paramasivam [(2016) 10 SCC 386]. The court, while deciding an application under Section 8 held that although “mere allegations of fraud simplicitor” are arbitrable, “serious allegations of…

Arbitration Proceedings, Discovery, Experts, Pre-arbitral procedure

(FERRERE Abogados)/ /1 Comment

Despite the heavy workload, practicing international arbitration can be fun; you are always challenged by disputes arising from a diversity of issues that test your ability to design the best strategy to achieve the best possible outcome for your client, combined with the complexity that a single case can reach and the many instances in…

UAE

(Blanke Arbitration LLC)/ /Leave a comment

In a sequence of recent rulings starting in 2015, the Dubai Courts have confirmed that the doctrine of apparent authority does, after all, find application to the formation of arbitration agreements. The former prevailing position was that apparent authority did not have a place in arbitration, which requires a special – rather than just a…

UAE

(Blanke Arbitration LLC)/ /Leave a comment

With the beginning of a new year, it is time for a look at arbitration developments in the UAE that have gone unnoticed (or at least unreported) over the course of 2016. As the readership of this Blog will be aware, the United Arab Emirates (UAE) have developed into one of the most fecund arbitration…