A Letter of Intent (“LOI”) is a preliminary document that outlines the main terms and conditions of a proposed business deal between parties. It constitutes one of the most significant pre-contractual documents relevant to international arbitration. A Letter of Intent is mainly used in complex transactions such as mergers and acquisitions, joint ventures, etc.[1] A […]
Arbitration in China: Potential Issues
International arbitration in China holds many of the same general advantages as international arbitration, making it more attractive than litigation. This includes the easier enforcement of international arbitral awards in China as compared to foreign court decisions. China has been a party to the New York Convention since 1986[1] and the Washington Convention since 1992.[2] […]
International Arbitration in Indonesia
International arbitration in Indonesia is governed by Law No. 30 of 1999 regarding Arbitration and Alternative Dispute Resolution (the “Arbitration Law”), which is not based on the UNCITRAL Model Law.[1] Indonesia ratified the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention”) in 1981[2], which facilitates the enforcement […]
Recognition, Enforcement and Execution in International Arbitration
Recognition, enforcement and execution in international arbitration are important legal concepts to master as they determine the post-arbitral consequences of an arbitration award once it has been rendered. However, their distinction is often difficult and depends on the legal system in which they are sought. We will review their differences in the following sub-sections. Recognition […]
How to Choose an Arbitrator?
The arbitrator is perhaps the most important part of any international arbitration. Indeed, it has been said that the quality of an arbitration “cannot rise above the quality of the arbitrator.”[1] A good arbitrator will deal with your dispute rigorously and agreeably, producing a fair and predictable outcome in line with the law and the […]