For many years, critics have complained that there was not enough transparency in investor-State arbitration. Last week, Canada made headlines by becoming only the second State to ratify the 2015 United Nations Convention on Transparency in Treaty Based Investor-State Arbitration (the Mauritius Convention). The Convention confirms and extends the applicability of the 2014 UNCITRAL Rules […]
The PCA Secretary General’s Role as Arbitrator Appointing Authority
The Secretary General of one of the oldest arbitral institutions in the word, the Permanent Court of Arbitration (the “PCA”), has a very important role under the UNCITRAL Rules as an arbitrator appointing authority. Under both the 1976 and the 2010 UNCITRAL Rules (as revised in 2013), the Secretary General acts as the appointing authority […]
Greek International Arbitration – The Legal Framework
Greek international arbitration law includes a favorable legal framework for arbitrations taking place with their seat in Greece and for the execution of arbitral awards in the country. In Greece, the international commercial arbitration regime is regulated by the 1958 New York Convention (NYC) and the UNCITRAL Model Law, where applicable. The UNCITRAL Model Law […]
Duration of ICSID Arbitration – The Neverending Arbitration
Many litigants complain of the duration of ICSID arbitration, which on average take three years or more to complete, but Victor Pey Casado and President Allende Foundation v. Republic of Chile is in a class of its own. Victor Pey Casado and President Allende Foundation v. Republic of Chile is the longest-running ICSID case in […]
Investment Arbitration Award Enforcement – Yukos Saga Continues
Investment arbitration award enforcement can at times be difficult due to issues such as sovereign immunity, but November 2016 has proven to be an especially difficult month for the Yukos Awards enforcement saga. First, the Financial Times revealed Rosneft emails to Armenian judicial authorities, which suggested that Rosneft may have had a hand in manipulating […]