Over the past year, several arbitration institutions have released summaries of data regarding the cost and duration of arbitration. Such institutions include the London Court of International Arbitration (“LCIA”) (data from 3 November 2015), the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) (data from 24 February 2016) and the Singapore International Arbitration Centre […]
New Arbitration Centre in India
A new arbitration centre in India is opening in the Indian city of Gurugram, located just southwest from New Delhi. The initiative for this new arbitration centre came from the Punjab and Harayana High Court. Although due to lengthy administrative procedures and government approvals it might take a few years for it to become operative, […]
Arbitrator Independence: Arbitrator Convicted to Prison for a False Statement of Independence
Arbitrator independence is always important, but a court in Malaysia has gone further than usual in convicting an arbitrator to prison for making a false statement of independence. A British arbitrator was sentenced to six months in prison for making a false declaration of independence, as reported by the Global Arbitration Review. According to the Malaysian […]
Poštová Banka v. Hellenic Republic Ελληνικό Εθνικό Χρέος και Διεθνής Επενδυτική Διαιτησία
Η Συμφωνία για τη Συμμετοχή του Ιδιωτικού Τομέα (Private Sector Agreement – PSI), αναφέρεται στο ‘κούρεμα’ των ομολόγων Ελληνικής Κυβέρνησης το 2012, τα οποία ανήκαν σε ιδιώτες, με αποτέλεσμα τη σημαντική μείωση της αξίας τους, στo πλαίσιo της ελληνικής οικονομικής κρίσης και των πακέτων αναδιάρθρωσης του χρέους (‘bailout’) του Διεθνούς Νομισματικού Ταμείου και της Ευρωπαϊκής […]
Inter-American Convention on International Commercial Arbitration (The Panama Convention)
The 1975 Inter-American Convention on International Commercial Arbitration, also known as the “Panama Convention“, is a significant multilateral agreement of which not all in the arbitration community are aware. The Convention was open to signature by all 35 Members of the Organization of American States (OAS) and entered into force on 16 June 1976. This […]