On 10 December 2020, the Queen Mary University of London and PWC released a Study on Damages in ICC Arbitration Awards. The Study provides valuable data revealing, inter alia, how damages are approached and assessed by claimants and respondents, the role of experts in the assessment of damages and the approach taken by ICC tribunals […]
ICC Arbitration
ICC Arbitration
ICC arbitration refers to the settlement of disputes under the Rules of Arbitration of the International Chamber of Commerce (the “ICC Arbitration Rules“). The International Chamber of Commerce (the “ICC”), which oversees ICC arbitration, is the largest and most diverse business organization in the world, with hundreds of thousands of member companies from over 100 […]
Revised 2021 ICC Arbitration Rules: Key Changes
On 8 October 2020, the ICC released an unofficial revised version of its Arbitration Rules (the “2021 ICC Rules”). The text of the draft 2021 ICC Rules remains subject to editorial corrections prior to its official launch in December 2020. The 2021 ICC Rules will take effect on 1 January 2021 and apply to all […]
Initiating Arbitrations Under Multiple Arbitration Agreements
The filing of arbitrations based on multiple arbitration agreements, contained in two (or more) separate contracts, in a single arbitration proceeding may be possible, but must be done with caution. The development of major projects in the fields of engineering, construction, oil and gas, and mining often give rise to situations where related disputes regarding […]
Aceris Law’s Client Succeeds in ICC Arbitration under French Law in the Aviation Industry
Aceris Law is pleased to announce that it has assisted another client in winning another ICC arbitration, this time in the aviation industry. While identifying details of the award remain confidential, the dispute, which was subject to French law, concerned remuneration of the work of a third-party consultant who had assisted in the successful sale […]
Arbitration in Afghanistan
Arbitration in Afghanistan is governed by the Commercial Arbitration Law of Afghanistan, published on 30 January 2007 (Official Gazette No. 913)(the “Arbitration Law“). The purpose of the Arbitration Law, which was part of a wider legal reform aimed at attracting foreign investment and making Afghanistan a more business-friendly environment, was to facilitate and encourage prompt, […]
Arbitration in Brazil
Arbitration in Brazil is governed by Federal Act No. 9.307/1996, amended by the Act No. 13.129/2015 (the “Brazilian Arbitration Act” or “BAA”). Brazil was long seen as the “black sheep” of international arbitration until the ratification of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”) in 2002 and […]
Coronavirus (COVID-19) and Courts: Moving from Litigation to Arbitration?
The global difficulties caused by the coronavirus (COVID-19), various State measures imposing restrictions on the movement of people, social distancing and complete lockdowns, while necessary to protect health, are inevitably having an impact on litigation in national courts, globally. In certain countries courts have had to limit, or to even entirely close, their operations due […]
Virtual Hearings in International Arbitration
The spread of the COVID-19 pandemic and the restrictive measures (travel restrictions, lockdowns, etc.) imposed by many governments have made it impossible for many parties, their counsel, witnesses and arbitrators from different part of the world to attend in-person hearings. Thus, tribunals and parties to ongoing proceedings typically have a choice between adjourning hearings, agreeing […]
