Many international commercial agreements including arbitration as a preferred dispute settlement mechanism as compared to local courts have been signed with Iranian parties, some of which call for arbitration to take place in Iran in the event of a dispute. Iran has a modern arbitration regime and advanced domestic legislation already in place concerning arbitration. […]
The OHADA Arbitration Act
The OHADA Arbitration Act is potentially applicable for arbitrations with their seat in Benin, Burkina Faso, Cameroon, Central African Republic, Comoros, the Democratic Republic of Congo (ex-Zaire), the Ivory Coast, Gabon, Guinea, Guinea-Bissau, Equatorial Guinea, Mali, Niger, the Republic of the Congo (Congo-Brazzaville), Senegal, Chad and Togo. The OHADA (Organisation pour l’harmonisation en Afrique du […]
ICC Court Reveals Record Number of Arbitration Cases in 2016
The International Court of Arbitration of the International Chamber of Commerce (ICC) based in Paris announced on 18 January 2017 a record number of arbitration cases in 2016. It indicated that it had administered 966 new cases in 2016, which is the highest number of cases in this institution’s 94-year-old history.[1] In 2015, 17% fewer […]
Cost and Duration of Arbitration
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, […]