The global energy sector is changing significantly as liquefied natural gas (LNG) becomes increasingly important in meeting growing energy demands and addressing environmental concerns. Even before COVID-19, the natural gas markets underwent such rapid evolution that they disrupted established long-term supply contracts, leading to waves of LNG price arbitrations. While LNG price arbitrations may harbour […]
Environmental Concerns in Investment Arbitration
Traditionally, investment arbitration and environmental protection existed in separate spheres, with the former primarily focused on protecting the rights of investors and the latter concerned with safeguarding the environment. However, this separation has blurred as environmental issues have gained prominence on the international stage. In recent years, the intersection of environmental concerns and investment arbitration […]
New 2024 CIETAC Arbitration Rules
The China International Economic and Trade Arbitration Commission (CIETAC) has recently introduced the 2024 CIETAC Arbitration Rules. These rules, which came into effect on 1 January 2024, have been tailored to meet the evolving needs of parties and arbitral tribunals involved in CIETAC arbitrations. This edition marks the 9th revision of the regulation after the […]
2023 Amendments to the UAE’s Arbitration Law
In September 2023, Federal Law No. 15 of 2023 entered into force (the “2023 Arbitration Law”) in the United Arab Emirates (“UAE”), introducing certain amendments to key provisions of Federal Law No. 6 of 2018 on arbitration (the “2018 Arbitration Law”). Federal Law No. 6 of 2018 applies to arbitrations seated onshore in the UAE […]
Can Arbitrators Promote Settlement in Arbitration?
Parties can always attempt to settle their dispute in an amicable manner, even if the dispute has been referred to arbitration.[1] However, different opinions emerge regarding the arbitrators’ role in the settlement process. Certainly, arbitrators may facilitate settlement indirectly. As stated by Kaufmann-Kohler, arbitrators “can simply ask a few well-targeted questions at the right time, […]