The largest and oldest of the arbitral institutions in Serbia was the Foreign Trade Court of Arbitration, established in 1947, which is an independent entity within the Serbian Chamber of Commerce and Industry. In addition, another arbitration institution under the same Chamber which existed was the Permanent Court of Arbitration. As of 30 June 2016, […]
Successful State Counterclaims in Investor-State Arbitration : The Case of Burlington Resources Inc v. the Republic of Ecuador
Successful State counterclaims in investor-State arbitration were found on 7 February 2017. The counterclaims were brought by Ecuador in response to claims by Burlington Resources Inc, a U.S.-based foreign investor. In its counterclaims, Ecuador alleged breach of its national environmental law by Burlington Resources and breach of contractual obligations and sought USD 2.8 billion in […]
Arbitration in Oman
Arbitration in Oman is common. It is frequent for parties to include arbitration clauses in their contracts, which is especially the case in energy, purchase, construction and commercial agency agreements. Arbitration is considered to be an efficient and reliable mechanism for dispute resolution in Oman, as arbitral awards may be rendered within 12 months in […]
Croatia Challenges MOL Arbitration Award
As previously announced by Croatian Prime Minister Andrej Plenkovic, Croatia appealed against the arbitral decision of an UNCITRAL arbitral tribunal, dismissing as unfounded Croatia’s claims against Hungarian State-owned company MOL. The case was brought by Croatia against Hungarian company MOL in 2014 pursuant to an arbitration clause in a 2003 shareholder’s agreement governing MOL’s investment […]
Aceris Law International Arbitration Boutique Ranked As First-Tier Recommended International Arbitration Firm
Aceris Law has been ranked as a first-tier, recommended international arbitration firm by the Leader’s League Intelligence Report for 2017. The rankings of recommended international arbitration firms are shown below. Aceris Law was similarly ranked as a recommended international arbitration firm in 2015-2016, and it was highly-regarded prior to spinning off from DK AARPI. The Leader’s […]