The UAE parliament[1] has approved a new arbitration law based on the UNCITRAL Model Law. The Cabinet of Ministers will make a final review of the new UAE arbitration law and, afterwards, it will enter into force once the Supreme Council and Sheikh Khalifa Bin Zayed Al Nahyan sign it. Experts do not expect any more in-depth […]
International Arbitration
ICSID Caseload Statistics
Recently, the International Centre of Settlement of International Dispute (“ICSID”) announced a new case record.[1] According to its caseload statistics published on 2 February 2018, the institution registered a record of 53 claims over 2017. Out of these cases, 49 were submitted under the ICSID Convention, while 4 were conducted under the ICSID Additional Facility rules. The […]
International Arbitration in V4 Countries
V4 Countries, also known as the Visegrad Group, is a political and cultural alliance formed in 1991 by four Central European countries – the Czech Republic, Hungary, Poland and Slovakia. International arbitration in V4 countries is not a centralised matter. Consequently, this area is subject to the legislation of each State. This blog provides a […]
Aceris Law Ranked in Legal 500 for International Arbitration
After being well-ranked in Décideurs and being named a “Rising Star of International Arbitration“, Aceris Law has also been ranked in the Legal 500 as a Tier 1 recommended law firm in the field of international arbitration. The Legal 500’s ranking for international arbitration, in which few arbitration boutiques are present, is based solely on […]
The Notion of Going Concern in International Arbitration
In one of our previous blogs, we provided several methods used in international arbitration to estimate damages caused by treaty violations by host States. This article will focus on one of those methods, the income method (commonly known as the discounted cash flow ‘DCF’ method) and, in particular, on the notion of a ‘going concern’ for […]
Arbitration Award Enforced in England Despite Evidence of Fraud
The New York Convention compels its 157 contracting Parties to enforce arbitration awards: “A New York Convention award may, by leave of the court, be enforced in the same manner as a judgment or order of the court to the same effect”. This enforcement requirement, found in Section 101 of the Arbitration Act 1996, is however […]
Arbitration in Iraq – Iraq Endorses Ratification of the New York Convention
After many delays, on 6 February 2018, Iraq officially endorsed the ratification of the New York Convention, a promising step for arbitration in Iraq. Although in theory Iraq accepts the idea that the New York Convention is necessary, there has been little attention on its accession until recently. Although no drafts of the law are […]
Quanto custa uma arbitragem?
No Brasil, o uso da arbitragem, como meio alternativo de resoluções de conflito, tem se firmado e evoluído nitidamente. Apesar das vantagens frequentemente atribuídas ao processo arbitral, os custos de uma arbitragem são, por vezes, mal interpretados. Assim, muitas empresas deixam de incluir cláusulas arbitrais em seus contratos por receio de custos excessivos. Afinal, o […]
A arbitragem e o Código Civil Brasileiro
Apesar de a arbitragem no Brasil ser regulada pela lei n° 9.307/1996, alterada pela lei n° 13.129/2015 (“Lei da Arbitragem”), o Código de Processo Civil brasileiro de 2015 (Lei nº 13.105 de 16 de março de 2015, “novo CPC”), traz importantes disposições concernentes ao instituto da arbitragem. Em sintonia com esse, o novo CPC corroborou […]