Third-party funding has obtained a significant role in international arbitration by providing financial support to parties who may not have the means to pursue or defend a claim otherwise.[1] It can be a godsend to claimants who might otherwise be unable to enforce their rights. While the advantages of third-party funding are frequently emphasized, it […]
News
Arbitration in Israel: New 2024 Arbitration Law
On 12 February 2024, the Israeli Knesset adopted the long-awaited 2024 International Commercial Arbitration Law (the “New Arbitration Law”). Before the reform, arbitration in Israel was governed by the 1968 Arbitration Law. The main objective of the New Arbitration Law is to adapt Israel’s arbitration regime to international standards. As stated in Section 2(e)(1), in […]
Aceris Law Ranked Among Global Arbitration Review’s GAR 100
Aceris Law LLC, a leading boutique international arbitration law firm, is pleased to announce its inclusion in the prestigious GAR 100, compiled by the Global Arbitration Review (GAR). The GAR 100 is an annual guide that recognizes top law firms worldwide for their excellence and expertise in the field of arbitration. Aceris Law’s inclusion in […]
Fraudulent Arbitrations: A Few Bad Apples?
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 […]
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 […]
