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 […]
International Arbitration
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 […]
Investor-State Dispute Settlement in Intra-EU BITs Is Incompatible with EU Law – Case C-284/16
On 6 March 2018, the Court of Justice of the European Union (“CJEU”) found that investor-State dispute settlement (“ISDS”) in intra-EU BIT’s is incompatible with EU law. The CJUE rendered the important Achmea judgment against the Opinion of the Advocate General Wathelet and found that: “Articles 267 and 344 TFEU must be interpreted as precluding a provision in an international agreement […]
ICSID Denunciation – Should Investors be Worried?
Arbitration is only possible when both the claimant and the respondent have consented to it. In Investment Treaty Arbitration specifically, an investor can “perfect consent” by accepting an offer to arbitrate in an investment treaty. This article explores the significance of ICSID Denunciation in light of Fábrica de Vidrios Los Andes, C.A. & Owens-Illinois de Venezuela, C.A. […]
O reconhecimento do laudo arbitral estrangeiro no Brasil
Ainda que não proferida pelo juiz togado, o laudo arbitral se equipara à sentença estatal. Assim, a decisão emanada de um tribunal arbitral terá os mesmos efeitos de uma decisão do Poder Judiciário. O Brasil adota o critério geográfico para distinguir as sentenças arbitrais nacionais dos laudos arbitrais estrangeiros. Desta forma, “considera-se sentença arbitral estrangeira […]
The Rise of Blockchain Arbitration?
Blockchain technologies have been in news headlines over recent years. While digital currencies such as Bitcoin remain in the spotlight, ‘blockchaining’ may change the way in which some modern companies do business. Its effects are already streamlining cross-border trade to be more transparent and efficient. Arbitration may be the ideal dispute resolution system for blockchain-related […]
