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ICC Arbitration

FIDIC Dispute Resolution Mechanism

01/02/2022 by Aceris Law LLC

In December 2017, the Fédération Internationale Des Ingénieurs-Conseils, more commonly known as FIDIC, released a revised version of the FIDIC Conditions of Contract (Second edition)(the “2017 FIDIC Contracts”),[1] introducing some notable changes to the dispute resolution mechanism in comparison to the well-worn 1999 edition.[2] The 2017 FIDIC Contracts maintain the already well known multi-tiered approach […]

Filed Under: Construction Arbitration, ICC Arbitration

2021 International Arbitration Survey – Adapting Arbitration to a Changing World

27/12/2021 by Aceris Law LLC

Best Arbitral Institutions

The twelfth empirical study of the School of International Arbitration, Queen Mary University of London, in partnership with White & Case LLP, the 2021 International Arbitration Survey (“International Arbitration Survey”), explores recent trends in international arbitration and especially how international arbitration practice has adapted and continues to adapt to the global changes wrought by the […]

Filed Under: ICC Arbitration, SIAC Arbitration

Provisional Measures in International Arbitration

10/07/2021 by Aceris Law LLC

Conditions for the Granting of Interim Measures (1)

Provisional measures can be an effective instrument to protect parties’ rights in arbitration. Although there is no widely accepted definition, provisional measures are, in general terms, remedies or relief whose purpose is to safeguard parties’ rights. In international arbitration, institutional rules are generally silent as to the standards and principles for the granting of provisional […]

Filed Under: ICC Arbitration, LCIA Arbitration, Provisional Measures, UNCITRAL Model Law

Aceris Law Successfully Resolves Another ICC Construction Arbitration

23/05/2021 by Aceris Law LLC

Construction Arbitration

Aceris Law LLC is pleased to announce that it has successfully resolved another ICC arbitration for another well-deserving client, shortly after securing a USD 34.5 million arbitration award for a different client. The arbitration, which had it seat in London, was governed by the laws of Saudi Arabia and concerned construction works related to a […]

Filed Under: Construction Arbitration, ICC Arbitration, William Kirtley

Settlement and ICC Arbitration

15/05/2021 by Aceris Law LLC

Percentage of International Arbitration Cases Settled

Contrary to what is often believed, most international arbitration cases are resolved through direct settlement between the Parties, or are withdrawn, with relatively few proceeding to a final oral hearing. According to Dispute Resolution Data, which analyzed 3,642 international commercial arbitration cases since 2005, 58.8% of international commercial arbitration cases that were initiated were either […]

Filed Under: ICC Arbitration, ICC Arbitrator, ICC Mediation

International Construction Arbitration in the Middle East

06/03/2021 by Aceris Law LLC

Construction Arbitration in Middle east

The construction industry is a leading economic sector in the Middle East, where a large number of infrastructure projects worth billions of dollars are commenced each year. Construction disputes are inevitable due to activity in the construction industry and arbitration is the preferred dispute resolution mechanism for such disputes, especially for foreign parties. Construction disputes […]

Filed Under: Bahrain Arbitration, Construction Arbitration, Dubai Arbitration, ICC Arbitration, Oman Arbitration, Qatar Arbitration, United Arab Emirates Arbitration

The Timing of Payment of Arbitration Advances on Costs

31/01/2021 by Aceris Law LLC

Timing advance on costs ICC arbitration

The payment of advances on costs in arbitration aims to ensure that an arbitral institution has sufficient funds to cover the payment of arbitrators’ fees and expenses, as well as costs incurred in the administration of arbitral proceedings. The advances on costs paid to arbitral institutions do not include party costs, such as legal fees […]

Filed Under: Cost-Efficient Arbitration, HKIAC Arbitration, ICC Arbitration, LCIA Arbitration, SIAC Arbitration

Drafting an Arbitration Clause in 2021 – Recommendations

10/01/2021 by Aceris Law LLC

Standard ICC Arbitration Clause

Many parties fail to realize that the wording of an arbitration clause is important for arbitration to function smoothly. In practice, one may observe, however, recurrent scenarios where arbitration clauses contain defective wording and, thus, are subject to unnecessary incidents and procedural debates. Such clauses are called “pathological clauses“. They are defined in Fouchard, Gaillard, […]

Filed Under: ICC Arbitration, LCIA Arbitration, SCC Arbitration

Rome I, Rome II, Applicable Law and International Arbitration

29/12/2020 by Aceris Law LLC

Rome-I-Rome-II-Applicable-Law-and-International-Arbitration

The relevance of the Rome I and Rome II Regulations for determining the law applicable to the merits of an international arbitration is a hotly-debated issue. Within the European Union (“EU”), Regulation (EC) No. 593/2008 on the law applicable to contractual obligations (“Rome I”)[1] and Regulation (EC) No. 864/2007 on the law applicable to non-contractual […]

Filed Under: France Arbitration, ICC Arbitration, LCIA Arbitration

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