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International Arbitration

Curtea de Arbitraj Internaţional din București

06/12/2016 by Aceris Law LLC

bucharest international arbitration court

Camera Americană de Comerț din București a lansat un nou centru de arbitraj internațional. Noua Curte de Arbitraj International din București (BIAC – Bucharest International Arbitration Court) este condusă de Annet van Hooft, partenerul responsabil de echipa de arbitraj al cabinetului Bird & Bird din Paris. Curtea de Arbitraj International din București este un centru […]

Filed Under: ICC Arbitration, International Arbitration, Romania Arbitration

Duration of ICSID Arbitration – The Neverending Arbitration

04/12/2016 by Aceris Law LLC

Duration of ICSID Arbitration

Many litigants complain of the duration of ICSID arbitration, which on average take three years or more to complete, but Victor Pey Casado and President Allende Foundation v. Republic of Chile is in a class of its own. Victor Pey Casado and President Allende Foundation v. Republic of Chile is the longest-running ICSID case in […]

Filed Under: Chile Arbitration, ICSID Arbitration, International Arbitration

Investment Arbitration Award Enforcement – Yukos Saga Continues

03/12/2016 by Aceris Law LLC

Investment Arbitration Award Enforcement

Investment arbitration award enforcement can at times be difficult due to issues such as sovereign immunity, but November 2016 has proven to be an especially difficult month for the Yukos Awards enforcement saga. First, the Financial Times revealed Rosneft emails to Armenian judicial authorities, which suggested that Rosneft may have had a hand in manipulating […]

Filed Under: International Arbitration, Investment Arbitration, Russia Arbitration

Reconsideration in Investment Arbitration

02/12/2016 by Aceris Law LLC

Reconsideration in Investment Arbitration

Reconsideration in investment arbitration is an exception to the rule that awards are final and binding on the parties to a dispute. There are four explicit remedies available for awards rendered under article 48 of the ICSID Convention. Parties can only bring their challenge under the ICSID Convention. First, a party can request a supplementary […]

Filed Under: ICSID Arbitration, International Arbitration, Investment Arbitration

Banking and Finance Arbitrations – ICC Report

27/11/2016 by Aceris Law LLC

Banking and Finance Arbitrations

The ICC Taskforce on Financial Institutions and International Arbitration, led by Co-Chairs Georges Affaki and Claudia Salomon, recently released a Report on the use of arbitration as a dispute settlement method in resolving financial disputes, i.e., banking and finance arbitrations, showing that arbitration could be used at a much larger scale bringing numerous benefits to […]

Filed Under: Hong Kong Arbitration, ICC Arbitration, International Arbitration, Investment Arbitration

Successful Challenge of Arbitration Award before the French Conseil d’Etat

24/11/2016 by Aceris Law LLC

On 9 November 2016, following the challenge of an arbitration award before the French Conseil d’Etat, France’s highest administrative court, the administrative court rendered an interesting new decision on the issue of its power to review an international arbitration award in the context of a public contract. This decision arises out of an ICC award […]

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

Joint Venture Arbitrations

22/11/2016 by Aceris Law LLC

Joint Venture Arbitration

Joint venture arbitrations are common. Joint ventures are frequently international in nature, involving partners from different countries operating in various continents and involving multiple laws and jurisdictions. This led to a rising need for joint venture disputes to be resolved in a more neutral setting than before national State courts of just one party. Arbitration, […]

Filed Under: Commercial Arbitration, International Arbitration, Joint Venture Arbitration

Palestine Threatens Sports Arbitration

21/11/2016 by Aceris Law LLC

The Palestinian Football Association (“PFA”) has threatened to go to the Court for Sports Arbitration (“CAS”) unless FIFA agrees to take action against Israel over clubs based in the “illegally occupied” territory of the West Bank. Our previous reporting on CAS, its role and jurisdiction can be found here. The dispute concerns six Israeli football […]

Filed Under: Arbitration Clause, International Arbitration, Sport Arbitration

ICC Expedited Arbitration – Addressing Delays, Costs and Efficiency

20/11/2016 by Aceris Law LLC

On 4 November 2016, the ICC announced its amendments to the ICC Rules of Arbitration, applicable from March 2017, which includes Annex VI on the new ICC Expedited Arbitration Procedure. According to the Secretariat, the introduction of this procedure aims to address business concerns about the time and costs associated with an ICC Arbitration, by […]

Filed Under: Cost-Efficient Arbitration, ICC Arbitration, International Arbitration

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