International arbitration is governed by a cornerstone principle, the principle of consent. This means that parties are free to include, by mutual consent, an arbitration agreement in their contract. By the same token, they can organize such arbitration proceedings by choosing either an ad hoc arbitration or an arbitration administered by an institution. Nonetheless, the […]
UNCITRAL Arbitration
Correction of Arbitration Awards
Correction of arbitration awards is one of the post-award remedies intended to rectify any errors, ambiguities or omissions in the arbitral tribunal’s award after its issuance. It frequently occurs in practice that arbitral awards contain certain minor, or sometimes, more significant, mistakes, ambiguities or omissions. While these errors usually concern minor and incidental issues, certain […]
The SCC Arbitration Rules
Introduction As part of its 100-year anniversary in January 2017, the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) launched its new Arbitration Rules. The product was the result of a three-year undertaking by the Rules Revision Committee, who met regularly to discuss existing practices and to respond to user demand. The SCC’s previous […]
UNCITRAL Arbitration Rules
The UNCITRAL Rules of Arbitration (“UNCITRAL Arbitration Rules”), which may be downloaded below, are a set of procedural rules aimed at the resolution of international disputes. They apply when parties have specifically agreed to and chosen the UNCITRAL Arbitration Rules to resolve their dispute. Created and adopted in 1976 by the United Nations Commission on […]
SCC Arbitration Rules
The SCC Arbitration Rules are applied in arbitral proceedings when parties have agreed to SCC arbitration to resolve their dispute. The SCC has revised its rules of arbitration several times, in order to adapt to changing business needs. Established in 1917, the SCC initially belonged to the Stockholm Chamber of Commerce, although it acted independently. […]
International Arbitration in Singapore
Arbitration in Singapore has been developing in line with Singapore becoming a financial and legal hub and one of the major centres for international arbitration in Asia and in the world. Arbitration is governed by two separate legal regimes. Domestic arbitration is governed by Arbitration Act (Cap. 10) 2002 (“Arbitration Act”), while international arbitration is […]
Choosing ICSID or UNCITRAL Arbitration for Investor-State Disputes
Should a foreign investor opt for ICSID arbitration or UNCITRAL arbitration when a choice exists? Foreign investors involved in a dispute with a host State of investment are often able to choose between initiating ICSID arbitration under the ICSID Convention or ad hoc arbitration under the UNCITRAL Arbitration Rules in order to resolve their investment dispute. This […]
International Arbitration in Bosnia and Herzegovina
Despite significant efforts towards the reform and modernization of its arbitration laws, arbitration in Bosnia and Herzegovina remains a rather underdeveloped and unpopular dispute resolution mechanism. Bosnia and Herzegovina was established as an independent State after the Balkan war of the 1990’s. The General Framework Agreement for Peace in Bosnia and Herzegovina, also known as the […]
HKIAC Arbitration Cases: 2017 Statistics
On 24 May 2018, the Hong Kong International Arbitration Center (“HKIAC”) released the caseload statistics Report for 2017, revealing the highest number of HKIAC arbitration cases ever administered. HKIAC reported a total of 532 new cases filed in 2017, which is 15.7 % more than in 2016 (see Report for 2016). This is the highest […]
