Asia-Pacific

(Norton Rose Fulbright)/ /Leave a comment
YSIAC

The Singapore Court of Appeal issued a decision recently articulating a principled framework for the arbitrability of insolvency-related claims. It provides useful guidance on when an insolvency-related claim would be considered non-arbitrable under Singapore law. In seeking to strike the delicate balance between its robust pro-arbitration stance and its insolvency regime, the Court’s underlying philosophy…

Appeal, Arbitration, Principle of finality, Review on the merits

(Herbert Smith Freehills LLP)/ /1 Comment
Herbert Smith Freehills

On 27 April 2011, the US Supreme Court in a 5-4 decision (AT&T Mobility LLC v Concepcion (563 US ____ (2011) 17)), concluded that due to the principle of finality, arbitration would be “poorly suited” to cases where the stakes are particularly high (class actions in the instant case). The US Supreme Court added: “[w]e…

BIT, Compensation for Moral Damages, International Law, Investment Arbitration, Investment protection

(Investment Arbitration Reporter)/ /Leave a comment

As has been chronicled in previous postings, the 2008 decision of an ICSID arbitral tribunal to award $1 Million (US) in “moral damages” to an injured company has been eyed covetously by other investor-claimants in investment treaty disputes. Such sums may be “small change” compared to the more conventional forms of economic compensation claimed for…

Anti-arbitration, Arbitration, Arbitration clause, Arbitration Institutions and Rules, ICC Arbitration, Joinder

(MDisputes)/ /1 Comment

Conferences on arbitration frequently include a session on “drafting” dispute resolution clauses for international contracts. The term drafting is also included in the title of many articles, book chapters, and entire books. While the actual content that follows this topic heading is often helpful, especially for non-specialist in-house counsel and transactions lawyers, the term itself…

Annulment, ICSID Convention, Investment Arbitration

(New York Law School)/ /Leave a comment
Institute for Transnational Arbitration (ITA)

This blog post ventures preliminary views on current critiques about ICSID annulments, and sketches out a few ideas that may merit further exploration. Some recent annulment decisions questioned ICSID awards but did not annul them because the high standard for annulment was not met. There are states and investors who now worry that should they…

Arbitration, International arbitration

(J. Sagar Associates)/ /2 Comments

Such a makeover will certainly not be achieved in sixty minutes. Sixty days will not nearly be enough. One would not, however, have to be too audacious to hope that India can reinvent itself as an arbitration-friendly part of the world in sixty months. From its early years as a newly independent, fledgling democracy, India…

Arbitration Institutions and Rules, Commercial Arbitration, Legal Practice

(Notre Dame Law School)/ /1 Comment

[Editor’s Note: Upon hearing the results of the Vis competition, I invited members of the winning team to do a blog post about their experience. Below are the reflections of the members of the University of Ottawa Vis team on winning the competition.] It’s nice when hard work pays off. It’s even nicer when five…

Arbitration, Arbitration Institutions and Rules, Middle East

(Conway & Partners)/ /4 Comments

January 28, 2011 – violent protests rocked Egypt; February 2, 2011 – political anxiety and ongoing unrest in Egypt threaten to shake other economies; February 11, 2011 – Mubarak resigned. March 22, 2011 – fire at Egypt interior ministry; April 17, 2011 – ex-ministers to be tried. Recently, a significant amount of unrest has occurred…

Arbitration, Costs, Europe, Switzerland

(Editor in Chief, ASA Bulletin; LALIVE)/ /1 Comment

According to the rules governing domestic arbitration (Art 30 of the Concordat on Arbitration, and, as of 1 January 2011, Art. 378 of the Swiss Federal Code on Civil Procedure), a party that does not pay its share of the advance on the arbitration costs requested by the arbitral tribunal risks to lose the benefit…

Arbitration, Arbitrators

(Conway & Partners)/ /2 Comments

It is interesting to see what can happen sometimes during an oral hearing for an arbitral proceeding. I have noted from my esteemed colleagues that they have witnessed a very interesting phenomenon – watch the arbitrators – can you tell who appointed whom? Should you be able to? Having worked for most of my career…

International arbitration, New York Convention, North America, United States

(Wilmer Cutler Pickering Hale and Dorr LLP)/ /3 Comments
WilmerHale

The recent decision of the New York Supreme Court, Appellate Division (an intermediate state appellate court) in Sojitz Corp. v. Prithvi Information Solutions Ltd., 2011 N.Y. Slip Op. 1741; 2011 N.Y. App. Div. LEXIS 1709, bolsters New York’s reputation as a jurisdiction friendly to international arbitration. In this case, which involved two non-U.S. parties in…

Arbitral seat, Arbitration, Arbitration Institutions and Rules

(Herbert Smith Freehills)/ /Leave a comment
Herbert Smith Freehills

The aftermath of the Lehman Brothers’ bankruptcy saw more than 20,000 retail investors in Hong Kong suffer losses from investments in structured products. This gave rise to political pressure on the Hong Kong Government to review its financial regulatory system and to step up its investor protection mechanisms. As one of the key outcomes of…

Arbitration Proceedings, Commercial Arbitration, Jurisdiction, National Arbitration Laws

(von Segesser Law Offices)/ /1 Comment

According to article 7 of the Swiss Private International Law (PILA), if the parties have entered into an arbitration agreement, the Swiss Court before which the action is brought shall decline its jurisdiction unless it finds that the agreement is null and void, inoperative or incapable of being performed. An initiative to amend article 7…

Inter-American Conventions, International arbitration, Investment Arbitration, Investment protection, South America

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

On 11 March 2011, the UNASUR treaty entered into force. UNASUR (the Union of South American Nations) is a regional organisation that comprises all twelve South American countries: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela. The entry into force of the treaty is an important development for the international arbitration community given some of the proposals that UNASUR is advancing, particularly in the field of investor-State arbitration.

Energy Charter Treaty, European Law, Investment Arbitration

(Conway & Partners)/ /Leave a comment

On March 15, 2011 the Advocate General (“AG”) issued its opinion on an interesting matter which considers the relationship between EU law, a contract preceding the Republic of Slovakia’s accession into the EU and the Energy Charter Treaty and Investment Arbitration Agreement (essentially, a bilateral investment treaty applicable here). The dispute involves a contract dated…

Anti-arbitration, Arbitration Agreements, Corporate Counsel's view, Costs, International arbitration

(MDisputes)/ /3 Comments

Dear Counsel, Thank you for taking the time to present your firm’s international arbitration practice, and also for the copies of the brochure and monthly newsletter. The many recent wins by your firm and the published articles demonstrate convincingly that you are quality professionals with a high-standing in the community. I’m certain it was not…

Arbitration

(Taylor Wessing)/ /2 Comments
YIAG

The 1981 French Arbitration Law did not contain a provision covering the form or the proof of an international arbitration agreement. The former Article 1499 of the Code of Civil Procedure (“CCP”) indirectly addressed the issue of form by stipulating, in the context of the recognition and enforcement of awards, that the existence of an…

Domestic Courts, New York Convention

(Wilmer Cutler Pickering Hale and Dorr LLP)/ /1 Comment
WilmerHale

To paraphrase Professor Henkin’s classic aphorism about international law – most parties respect most international arbitration agreements most of the time. And likewise, the international arbitral process works smoothly for most parties most of the time. Still, pathological cases arise in international arbitration, as in other contexts. Unfortunately, those aberrations command disproportionate attention, sometimes obscuring…

Arbitration Institutions and Rules

(Conway & Partners)/ /Leave a comment

The International Chamber of Commerce Court of Arbitration (the ICC) is the largest arbitral institute. In addition, its Rules of Arbitration (the Rules) greatly influence the practice of arbitration, resulting in several commentaries. Over the course of 2011, these Rules are continuing to undergo revision and changes to continue to reflect current practices and trends…

Arbitration, Europe, Sanctions, Switzerland

(Editor in Chief, ASA Bulletin; LALIVE)/ /2 Comments

Introduction: Many international commercial contracts (such as e.g., construction, distribution, sale and purchase) are governed by Swiss (substantive) law as per a choice of law provision. Often the choice of law is made in combination with an arbitration clause referring disputes to arbitration in Switzerland. The effect of international sanctions on commercial contracts has become…

Arbitration, Arbitration Act, Canada, Consumer contracts, Enforcement of an arbitration clause, North America

(McGill University Faculty of Law)/ /2 Comments
Institute for Transnational Arbitration (ITA)

Anyone considering Canada as the seat of an arbitration or as one among several jurisdictions where recognition and enforcement proceedings could be commenced should pay close attention to the Supreme Court of Canada’s March 18 decision in Seidel v. TELUS Communications Inc., 2011 SCC 15, which appears to mark a philosophical shift in Canadian arbitration…