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International Arbitration

ICC Court Reveals Record Number of Arbitration Cases in 2016

03/02/2017 by Aceris Law LLC

Number of Arbitration Cases in 2016

The International Court of Arbitration of the International Chamber of Commerce (ICC) based in Paris announced on 18 January 2017 a record number of arbitration cases in 2016. It indicated that it had administered 966 new cases in 2016, which is the highest number of cases in this institution’s 94-year-old history.[1] In 2015, 17% fewer […]

Filed Under: Arbitration, Commercial Arbitration, ICC Arbitration, International Arbitration

Cost and Duration of Arbitration

28/01/2017 by Aceris Law LLC

Cost and Duration of Arbitration

Over the past year, several arbitration institutions have released summaries of data regarding the cost and duration of arbitration. Such institutions include the London Court of International Arbitration (“LCIA”) (data from 3 November 2015), the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) (data from 24 February 2016) and the Singapore International Arbitration Centre […]

Filed Under: HKIAC Arbitration, International Arbitration, SCC Arbitration, SIAC Arbitration

New Arbitration Centre in India

27/01/2017 by Aceris Law LLC

Arbitration Centre in India

A new arbitration centre in India is opening in the Indian city of Gurugram, located just southwest from New Delhi. The initiative for this new arbitration centre came from the Punjab and Harayana High Court. Although due to lengthy administrative procedures and government approvals it might take a few years for it to become operative, […]

Filed Under: Commercial Arbitration, India Arbitration, International Arbitration

International Arbitration and Greek Sovereign Debt: Poštová Banka v. Hellenic Republic

21/01/2017 by Aceris Law LLC

International Arbitration and Greek Sovereign Debt

International arbitration and Greek sovereign debt make uncomfortable bedfellows according to one Arbitral Tribunal in the case Poštová banka, a.s. and ISTROKAPITAL SE v. Hellenic Republic.[1] In 2015, an Arbitral Tribunal was tasked to decide on the legality of the Private Sector Involvement Agreement, which was challenged by foreign Greek Government Bond owners, in an […]

Filed Under: Bilateral Investment Treaty, Greece Arbitration, ICSID Arbitration, International Arbitration

Inter-American Convention on International Commercial Arbitration (The Panama Convention)

20/01/2017 by Aceris Law LLC

The 1975 Inter-American Convention on International Commercial Arbitration, also known as the “Panama Convention“, is a significant multilateral agreement of which not all in the arbitration community are aware. The Convention was open to signature by all 35 Members of the Organization of American States (OAS) and entered into force on 16 June 1976. This […]

Filed Under: Commercial Arbitration, International Arbitration, Panama Arbitration, United States Arbitration

Arbitration in Switzerland: New Developments

15/01/2017 by Aceris Law LLC

Arbitration in Switzerland

Arbitration in Switzerland is regulated by the Federal Law on Private International Law, in force since 1989 and amended once, in 2011. Earlier this year, on 11 January 2017, the Swiss Federal Council decided to publish a report proposing a certain number of amendments to the Federal Law on Private International Law, which is included […]

Filed Under: International Arbitration, International Arbitration Institutions, Switzerland Arbitration

Duty to Disclose Third Party Funding in International Arbitration

14/01/2017 by Aceris Law LLC

Is there a duty to disclose third party funding in international arbitration? In the resolution of disputes through international arbitration, whether it involves cases of Investment or Commercial Arbitration, parties increasingly resort to so-called “third party funding” (“TPF”). TPF provides prospective parties to a dispute with the ability to request financing from other entities to […]

Filed Under: Commercial Arbitration, ICC Arbitration, International Arbitration, Investment Arbitration, Third-Party Funding

European Court of Human Right Judgement Ruled Unenforceable in Russia – Consequences for Yukos Investment Arbitration Awards

13/01/2017 by Aceris Law LLC

European Court of Human Rights

On 19 January 2017, Russia’s Constitutional Court ruled that the State was not under an obligation to comply with the European Court of Human Rights (“ECtHR”) Judgement in the Yukos Case, which awarded approximately EUR 1.9 billion in compensation to the company (the largest in the ECtHR’s history), because of Russia’s breach of the European […]

Filed Under: European Court of Human Rights, International Arbitration, Investment Arbitration

From International Investment Arbitration to an Investment Court System

07/01/2017 by Aceris Law LLC

Will an Investment Court System be better than the current arrangements for International Investment Arbitration? The EU and Canada appear to think so. In the recently-approved and signed Comprehensive Economic and Trade Agreement between the European Union (EU) and Canada, a different approach to International Investment Arbitration is being put forward by the EU and […]

Filed Under: ICSID Arbitration, International Arbitration, Investment Arbitration, UNCITRAL Arbitration

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