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Third Party Funding in International Arbitration

05/08/2018 by International Arbitration

Third Party Funding

What Is Third Party Funding? Third party funding is a procedure by which a third party to an arbitration provides financial means to a party whom lacks financial resources to initiate it. The funding provided will be used to cover the party’s legal fees and expenses related to an arbitration. In return, the funder receives […]

Filed Under: International Arbitration Law, Third-Party Funding

United Arab Emirates to Approve New Arbitration Law

24/04/2018 by International Arbitration

Emirates Arbitration Law

The UAE parliament[1] has approved a new arbitration law based on the UNCITRAL Model Law. The Cabinet of Ministers will make a final review of the new UAE arbitration law  and, afterwards, it will enter into force once the Supreme Council and Sheikh Khalifa Bin Zayed Al Nahyan sign it. Experts do not expect any more in-depth […]

Filed Under: Arbitration Procedure, International Arbitration Law, United Arab Emirates Arbitration

ICSID Caseload Statistics

22/04/2018 by International Arbitration

ICSID Caseload Statistics

Recently, the International Centre of Settlement of International Dispute (“ICSID”) announced a new case record.[1] According to its caseload statistics published on 2 February 2018, the institution registered a record of 53 claims over 2017. Out of these cases, 49 were submitted under the ICSID Convention, while 4 were conducted under the ICSID Additional Facility rules. The […]

Filed Under: Arbitration Award, ICSID Arbitration, International Arbitration Law

Arbitration Award Enforced in England Despite Evidence of Fraud

03/04/2018 by International Arbitration

Arbitration Award Enforced in England Despite Evidence of Fraud

The New York Convention compels its 157 contracting Parties to enforce arbitration awards: “A New York Convention award may, by leave of the court, be enforced in the same manner as a judgment or order of the court to the same effect”. This enforcement requirement, found in Section 101 of the Arbitration Act 1996, is however […]

Filed Under: Arbitration Award, International Arbitration Law, United Kingdom Arbitration

Definition of Arbitration

18/02/2018 by International Arbitration

Defintion of Arbitration

Arbitration is a dispute resolution process agreed between parties in which the dispute is submitted to one or more arbitrators who issue an award. It is an alternative dispute resolution (ADR) mechanism because it allows the parties to resolve their dispute outside of State courts, i.e., without litigation. Among alternative dispute resolution methods, arbitration is defined as […]

Filed Under: Arbitration Information, International Arbitration Law

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Recommended Links

  • International Centre for Dispute Resolution (ICDR)
  • International Centre for the Settlement of Investment Disputes (ICSID)
  • International Chamber of Commerce (ICC)
  • London Court of International Arbitration (LCIA)
  • SCC Arbitration Institute (SCC)
  • Singapore International Arbitration Centre (SIAC)
  • United Nations Commission on International Trade Law (UNCITRAL)
  • Vienna International Arbitration Centre (VIAC)

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