The economic disruption caused by the COVID-19 pandemic is expected to lead many corporations to insolvency, as well as trigger an increase in the number of commercial disputes. Consequently, it is likely businesses will have to face more arbitrations with insolvent entities, or arbitrations brought by bankruptcy trustees, when the right to maintain and dispose […]
Arbitration in Armenia
Arbitration in Armenia is governed by the Law on Commercial Arbitration (RA Law No. HO-55-N)(the “Armenian Arbitration Act“). The Armenian Arbitration Act provides a modern and coherent legal framework for both international and domestic arbitration, as well as for the enforcement of arbitration awards in Armenian courts. Largely based on the UNCITRAL Model law on […]
Coronavirus (COVID-19) and Courts: Moving from Litigation to Arbitration?
The global difficulties caused by the coronavirus (COVID-19), various State measures imposing restrictions on the movement of people, social distancing and complete lockdowns, while necessary to protect health, are inevitably having an impact on litigation in national courts, globally. In certain countries courts have had to limit, or to even entirely close, their operations due […]
Cybersecurity in International Arbitration
Cyberattacks in today’s digital world are becoming increasingly common and international arbitration has not remained unaffected. To the contrary, international arbitration can be highly susceptible to cyberattacks. This is explained by its very nature and underlying principles, namely privacy, confidentiality, procedural flexibility and the involvement of multiple players and sensitive data. In 2015, for instance, […]
The Recoverability of Arbitration Costs
Costs tend to be a major concern for users of international arbitration. However, a successful party may recover them in full or in part, including the costs of legal representation. In this respect, both national arbitration legislation and institutional rules generally grant arbitrators the power to award the costs. Though the UNCITRAL Model Law is […]