Parties who signed a binding arbitration agreement are, in principle, bound by its terms. Once a dispute arises and a claimant commences arbitration proceedings against a respondent, a general assumption is that the parties will cooperate and actively participate in the proceedings. In practice, however, it can happen that the other party, usually the respondent, […]
Aceris Law Recommended by Leader’s League in the Field of International Arbitration
Aceris Law LLC has again been recommended in the field of international arbitration, this time by the Leader’s League. “We do appreciate being recommended by the Leader’s League and other prestigious rankings in the field of international arbitration,” said William Kirtley of Aceris Law. “Over the past half decade, we have put together a great […]
Aceris Law Successfully Resolves another Construction Arbitration
Aceris Law is pleased to have successfully resolved another ICC arbitration for a Middle Eastern claimant. The dispute involved construction works at a University in the Middle East. The construction dispute was amicably resolved prior to a final award being rendered, with Aceris’ client obtaining the compensation it was seeking in full. “Sometimes parties will […]
How to Reduce the Overall Cost of Investment Treaty Arbitration to Less than USD 1 Million
Investment treaty arbitration has various flaws, but one flaw that is acknowledged by both foreign investors and States who use the dispute resolution system is that, in practice, it can be incredibly expensive. The costs of investment treaty arbitration can be unbearable for certain States, who have far better uses for public funds, and they […]
Proving Corruption in Investment Arbitration – Lao Holdings v. The Lao People’s Democratic Republic
Defenses based on alleged corruption-related activities by investors have become popular by States in investment arbitration. Given the seriousness of such accusations, one of the most important tasks for arbitral tribunals is undoubtedly to sort out legitimate defenses based on well-established facts of corruption from unfounded insinuations. Therefore, the approach undertaken by arbitral tribunals regarding […]