AAA has issued revised Commercial Arbitration Rules that will apply to cases filed as of October 1, 2013. The revisions include: a mediation step for all cases with claims of $75,000 or more (subject to the ability of any party to opt-out) arbitral control over information exchange (discovery) the availability of emergency measures of protection […]
GAR informes that for the first time since it was founded 20 years ago, the Abu Dhabi Commercial Conciliation and Arbitration Centre has updated its arbitration rules, including new provisions on confidentiality, interim measures and arbitrator liability. The new Procedural Regulations of Arbitration, which came into effect on 1 September, have drawn on various sources […]
Note from the website: Welcome to newyorkconvention1958.org. This website was created to host information on the implementation of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, signed in New York on 10 June 1958, with a view of promoting its uniform and effective application throughout the world. The website provides access to […]
On 11 July 2013, the United Nations Commission on International Trade Law (“UNCITRAL”) adopted new Rules on Transparency in Treaty-based Investor-State Arbitration (the “Transparency Rules”), which will come into effect from 1 April 2014.
It is standard practice for parties to international contracts to agree on the particular law that will apply to the contract on the basis of the principle of autonomy of the parties. Despite the simplicity of choice of law clauses, from time to time such clauses may not be interpreted unequivocally and disputes arise. The […]
On 19 January 2013 a new draft of the Ukrainian Law on Restoring Debtor’s Solvency or Declaring Debtor Bankrupt (hereinafter referred to as the “Law”) came into effect. The new draft introduced into Ukrainian legislation the cross-border insolvency concept which is well-known to the majority of jurisdictions.
On 25 May 2013 the International Bar Association, widely known for promotion of high standards in international arbitration, has adopted the Guidelines on Party Representation in International Arbitration. It is stated on the IBA’s web site that this document was inspired by the principle that party representatives should act with integrity and honesty and should […]
The last steps in the comprehensive review process of our arbitration rules are completed. The final version of the revised Vienna Rules was adopted by the Extended Presiding Committee of the Austrian Federal Economic Chamber on 8 May 2013. The new Vienna Rules 2013 will take effect on 1 July 2013 and apply to all […]
The ever growing competition between international arbitration institutions, so clearly observed during the last decade, forces them to comply promptly with the demands of the world commerce and provide business with adequate alternative dispute resolution services. Among other improvements, the most notable, naturally, concern updating the arbitration rules undergone, in particular, by Vilnius Court of […]
The 2008 financial crisis peak had hardly faded away, when another breaking news was brought to the surface in CIS countries: a significant part of the funds advanced during the pre-crisis period by banks and other financial institutions to support various businesses and commercial initiatives, flew beyond national frontiers to be found in Panama, BVI, […]