Applying the Principles of Governing Law in International Commercial Arbitration: Practical Considerations for Parties and Arbitrators
Governing law in international commercial arbitration is a topic that has sparked considerable debate and controversy within the legal community. With the increasing globalization of business transactions, the need for a unified approach to governing law has become paramount. In international commercial arbitration, parties from different countries come together to resolve their disputes through a […]
International Arbitration: Choosing Between Ad Hoc and Institutional Methods
In the world of international commercial contracts, disputes are bound to arise. When parties find themselves in disagreement, they often have the option to turn to international arbitration as an alternative to traditional litigation. This method provides a time and cost-efficient way to resolve disputes, allowing the parties to bypass the jurisdiction of the courts […]
Arbitration Clause; A Double-Edged Sword?
For many arbitration proceedings, the standard model clause, drafted by the arbitral institutions chosen by the parties to administer the arbitration process, is considered an appropriate option to set the arbitration in motion. Such clauses will prevent confusion and uncertainty of the parties and arbitrators regarding the real intention of the parties with respect to […]