Arbitration and third parties is a topic which, over and above its academic relevance, has important practical implications for parties in international arbitration proceedings. The issue of arbitration and third parties may concern situations where a party wishes to refer to arbitration another party that was not part of the main contract and therefore did […]
News
The 2023 SCCA Arbitration Rules
The Saudi Center for Commercial Arbitration (the “SCCA”) is an arbitration institution established in Saudi Arabia in 2014 with the aim of providing a platform for resolving commercial disputes through arbitration in accordance with international standards. In 2023, in line with its vision to become a “preferred ADR choice in the region by 2030”,[1] the […]
Greece’s 2023 Arbitration Law
On 4 February 2023, Greece passed a new law governing international commercial arbitrations with their seat in Greece, i.e., Law 5016/2023 (“2023 Arbitration Lawˮ) (in English here (unofficial translation), in Greek here, and its Explanatory Report in Greek). The 2023 Arbitration Law (1) replaces the previously applicable Law 2735/1999, which was based on the 1985 version […]
Arbitration and Art Disputes
Art disputes are, by their nature, very specific. They are highly technical and require a considerable amount of expertise from the decision-makers, lawyers, and the experts involved. They can also be subject to the uncompromising scrutiny of art market players and therefore, non-legal matters.[1] Art disputes encompass a wide range of issues, such as:[2] Disputes […]
Arbitration Against Russia
Following its military action in Ukraine, Russia has issued strong economic measures in response to the international sanctions imposed by other States. This has impacted investment inflows, as well as foreign investors who seek to engage in arbitration with Russia. Until recently, Russia accounted for more than 40% of Foreign Direct Investment inflows in the […]
The Annulment of International Arbitral Awards Rendered in France
The annulment of an arbitral award may be pursued by parties involved in an international arbitration conducted in France, allowing them to challenge the award’s validity through a dedicated annulment process. Parties can initiate the French annulment process exclusively against international arbitral awards rendered in France. They may not use this procedure against international arbitral […]
Aceris Law Successfully Resolves Complex International Dispute Regarding Project in Mozambique
Aceris Law is pleased to announce that it has successfully resolved another complex international dispute for a deserving client, this time involving a project in Mozambique involving multiple contracts providing for LCIA arbitration in the event of a dispute. The dispute under English law involved a project that was subject to force majeure, with claims […]
Waiver of the Right to Arbitrate
In commercial disputes, parties often choose arbitration as an alternative method of resolving their disputes outside of traditional court proceedings. Despite the existence of an arbitration agreement, it is widely accepted that a party’s right to arbitrate may be waived by either an explicit contractual provision or its subsequent conduct. The courts have taken different […]
Arbitration in Taiwan
Due to its unique geopolitical situation, Taiwan is not a party to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”). Nevertheless, Taiwan has developed an arbitration-friendly legal framework. Arbitration in Taiwan is governed by the Arbitration Law of the ROC promulgated on 24 June 1998 and effective as […]
