Cyprus has a familiar law for international arbitrations based on the 1985 UNCITRAL Model Law, courts supportive of arbitration, and it is a party to the New York Convention, thus facilitating the enforcement of Cyprus-seated awards around the world. Regulatory Framework International arbitrations in Cyprus are governed by the International Commercial Arbitration Law (Law No. […]
Arbitration in Switzerland
Switzerland is among the most preferred seats for arbitration, as revealed by an international Survey from 2018.[1] Its attractivity stems from factors such as its political neutrality, the well-established legal framework, the qualified arbitration practitioners, and its efficient institutions. Some key points relevant to the choice of Switzerland as a seat of arbitration will be […]
UNIDROIT Principles and International Commercial Arbitration
Parties to a contract do not tend to agree on the application of the domestic law of the other. They usually choose a “neutral law”, the law of a third country. However, this choice often leads to apparent inconveniences since the chosen law is foreign to both parties. Indeed, understanding its content may require time-consuming […]
Aceris Law Wins Another SIAC Arbitration Under English Law
Aceris Law is pleased to announce that its arbitration lawyers have recently won another Singapore International Arbitration Centre (“SIAC”) arbitration, this time for a Middle Eastern client against an Indian company. The case arose from a sales contract for multiple cargos of an industrial chemical and was governed by English law. Aceris Law replaced prior […]
ICSID Expedited Arbitration
One of the innovative features of the new ICSID Arbitration Rules, in force as of 1 July 2022 (the “2022 ICSID Arbitration Rules”), figures in Chapter XII, which allows parties to opt into ICSID expedited arbitration. The principal purpose of the ICSID expedited procedure is to reduce the length of ICSID arbitration proceedings and, thus, […]