On 4 February 2023, Greece passed a new law governing international commercial arbitrations with their seat in Greece, i.e., Law 5016/2023 (“2023 Arbitration Lawˮ) (in English here (unofficial translation), in Greek here, and its Explanatory Report in Greek). The 2023 Arbitration Law (1) replaces the previously applicable Law 2735/1999, which was based on the 1985 version […]
Arbitration and Art Disputes
Art disputes are, by their nature, very specific. They are highly technical and require a considerable amount of expertise from the decision-makers, lawyers, and the experts involved. They can also be subject to the uncompromising scrutiny of art market players and therefore, non-legal matters.[1] Art disputes encompass a wide range of issues, such as:[2] Disputes […]
Arbitration Against Russia
Following its military action in Ukraine, Russia has issued strong economic measures in response to the international sanctions imposed by other States. This has impacted investment inflows, as well as foreign investors who seek to engage in arbitration with Russia. Until recently, Russia accounted for more than 40% of Foreign Direct Investment inflows in the […]
The Annulment of International Arbitral Awards Rendered in France
The annulment of an arbitral award may be pursued by parties involved in an international arbitration conducted in France, allowing them to challenge the award’s validity through a dedicated annulment process. Parties can initiate the French annulment process exclusively against international arbitral awards rendered in France. They may not use this procedure against international arbitral […]
Aceris Law Successfully Resolves Complex International Dispute Regarding Project in Mozambique
Aceris Law is pleased to announce that it has successfully resolved another complex international dispute for a deserving client, this time involving a project in Mozambique involving multiple contracts providing for LCIA arbitration in the event of a dispute. The dispute under English law involved a project that was subject to force majeure, with claims […]