Has Arbitration Remained the Preferred Method of Choice in the International Trade?
By: Dr. Mehrdad Mohammadi For decades, international arbitration has been considered as the preferred method for resolving disputes arising from international trade. Its core principles – neutrality, confidentiality, and enforceability – offered a seemingly perfect solution for navigating the complexities of cross-border commerce. However, with the ever-evolving landscape of international trade, a critical question emerges: […]
IBA Rules v. Prague Rules in International Arbitration
The International Bar Association Rules on the Taking of Evidence in International Arbitration and the Prague Rules on the Efficient Conduct of Proceedings in International Arbitration are two sets of rules that provide guidance on the efficient conduct of international arbitral proceedings. Although they have the same purpose, the two sets of Rules are […]
The Significance of the Scope of International Arbitration Agreements
An international arbitration agreement is a binding contract between two or more parties to provide for the resolution of disputes through arbitration rather than through court proceedings. It enables the parties to choose their own dispute resolution forum, the applicable law, and the rules that will govern the procedures. A well-drafted international arbitration agreement […]
The 2022 Annual Report from the Dubai International Arbitration Center (DIAC) released.
The 2022 Annual Report from the Dubai International Arbitration Center (DIAC) in the United Arab Emirates has been released. DIAC’s Annual Report demonstrated steady increases in case registrations throughout the previous years. 2020 had 231 cases in comparison to 276 in 2021 and 340 in 2022; a 20-23% increase annually. Notably, 44% of these cases […]
Crafting Effective International Arbitration Agreements
International arbitration agreements are agreements that define the terms and conditions of two or more participating parties when engaging in arbitration proceedings on a global scale. A well-crafted arbitration agreement is the foundation of any effective arbitration process and provides the parties with a sense of security and fairness. As the name implies, the […]
Arbitration Center of Iran Chamber ACIC Statistical Report; 2022-2023
The Arbitration Centre of Iran Chamber (ACIC) is the largest and oldest arbitration centre in Iran established by virtue of legislation in 2002. It is the only private arbitration centre in the country. The ACIC registered 175 new cases in 1401 (2022-2023), the highest number in the ACIC history. An increase of 25% and 88%, […]
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 […]