The United Nations Convention on International Settlement Agreements Resulting from Mediation (“Singapore Convention (on Mediation)”) came into force on 12 September 2020. It creates a harmonized framework for cost-effective and prompt enforcement of international mediated settlement agreements, aiming to render mediation more efficient and attractive to commercial parties globally, as an alternative to international arbitration […]
Aceris Successfully Resolves International Arbitration under California Law
Aceris Law has assisted a Filipino respondent in obtaining the successful resolution of a JAMS international arbitration under California law brought against it. The JAMS arbitration, initiated by a U.S. public company specialising in computer network infrastructure, was brought against the Filipino company in relation to alleged breaches of a contract. The arbitration involved parallel […]
Escalation Clauses in the ICC Mediation Rules
On 1 January 2014, the Mediation Rules of the International Chamber of Commerce came into force (ICC Mediation Rules), thereby replacing ICC’s Amicable Dispute Resolution Rules. While arbitration under the ICC Arbitration Rules leads to a binding decision from an independent and neutral tribunal, the ICC Mediation procedure seeks to help the Parties reach a […]
Limitations on Post-Award Remedies under the ICC Rules
There are limitations on post-award remedies under the ICC Rules because one of the main reasons that private parties seek to have disputes resolved via international arbitration rather than national courts is the final and binding nature of arbitral awards. Due to human beings’ fallibility, “all arbitral awards, like all national court judgments and academic treatises, […]
The ICSID Arbitration Rules (Current As Of June 2014)
The ICSID Arbitration Rules (Current As Of June 2014) The ICSID Arbitration Rules are used for resolving investor-State arbitrations brought under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID”), which is the arbitration arm of the World Bank. The ICSID Arbitration Rules were last updated in 2006, following public criticism of […]