Arbitration offers parties a flexible, efficient and confidential alternative to traditional litigation for resolving disputes. However, under certain circumstances, these positive aspects of arbitration can be manipulated to nefarious ends. When arbitrations go rogue, it’s less “courtroom drama” and more “crime thriller”. The following three cases of fraudulent arbitrations serve as illustrations of how both […]
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Asset Tracing in International Arbitration
There is little point in commencing international arbitration proceedings if recovery on the resulting award will be impossible. Hiring an asset tracing firm may help reduce the risk of arbitration proceedings being in vain. Asset tracing involves a thorough examination of financial records, transactions, and other relevant documentation concerning a counterpart. This process may require […]
2024 IBA Guidelines on Conflicts of Interest in International Arbitration
In February 2024, the International Bar Association (the “IBA”) released the most recent version of the IBA Guidelines on Conflicts of Interest in International Arbitration (the “2024 IBA Guidelines”). The new 2024 IBA Guidelines introduce several notable updates to the previous 2014 version of the Guidelines.[1] Conflicts of interest are important. An undisclosed conflict of […]
Arbitration in the Maldives
International arbitration in the Maldives is governed by the Maldives Arbitration Act No. 10/2013 (the “Arbitration Act”), whose key features are discussed below. Scope of Application of the Arbitration Act The Arbitration Act applies when the seat of an arbitration is the Maldives (Section 4(a) of the Arbitration Act), except for Section 15 (stay of […]
International Arbitration in South Africa
International arbitration in South Africa has experienced a surge in recent years, especially after the introduction of the International Arbitration Act (IAA) in 2017, making South Africa a real “regional arbitration hub with considerable success.”[1] Historically, arbitration in South Africa was governed by the Arbitration Act 42 of 1965, which primarily dealt with domestic arbitration. […]
Aceris Law Successfully Resolves International Dispute Concerning Cement Plant
Aceris Law has again secured a favourable outcome for a client following international mediation under the ICC Mediation Rules. The dispute arose from an agreement concerning the operation and maintenance of a cement plant, as well as two related agreements. Although the agreements in question did not provide for ICC mediation in their multi-tiered dispute […]
Aceris Law Triumphs in Another Cryptocurrency-Related Arbitration
Aceris Law is pleased to announce that it has secured another highly favorable outcome for a large Hong Kong-based company in a cryptocurrency-related dispute taking place under the laws of the Seychelles. The ICC arbitration, initiated by Aceris Law in February 2023, concerned a multimillion-dollar transaction for the purchase of cryptocurrency assets. Following a security […]
Aceris Law Wins Arbitration Related to the COVID-19 Pandemic for South Asian State
Aceris Law is pleased to announce that its international arbitration lawyers have successfully won another international arbitration, this time representing a South Asian State organ. It worked with the Office of the Attorney General in prosecuting the matter. The case concerned the breach of a sales agreement concerning the delivery of critical equipment needed to […]
Provisional Measures Through the Lens of the ICJ’s Decision in South Africa v. Israel
Provisional measures are a temporary remedy granted by courts and tribunals in exceptional circumstances. Provisional measures aim to preserve the respective rights of the parties pending the decision of the court or tribunal.[1] While it is generally accepted that provisional measures can be granted in international arbitration, as before the ICJ, the circumstances under which […]
