One question frequently and legitimately asked by parties is who pays the costs of international arbitration. Most procedural arbitration laws and rules provide wide discretion to arbitral tribunals to allocate costs. There are, generally, two overriding internationally accepted principles for allocating costs, i.e., the English “costs should follow the event” rule, which requires the losing […]
Expedited Arbitration Under the ICC Rules
The introduction of the ICC Expedited Arbitration Procedure Rules (“Expedited Procedure Rules”) was one of the main innovations of the 2017 amendments to the ICC Arbitration Rules. Expedited arbitration differs from a standard arbitration proceeding, as it provides a simplified procedure, with the goal of diminishing time and costs while promoting efficiency in international arbitration. […]
International Arbitration in the Czech Republic (Czechia)
Civil and commercial arbitration in the Czech Republic is governed by Act No. 216/1994 Coll. on Arbitral Proceedings and Enforcements of Arbitral Awards (the “Arbitration Act”), which replaced a former 1963 Arbitration Act. Contrary to many national arbitration laws, the Arbitration Act is not based on the UNCITRAL Model Law. For instance, contrary to the […]
The Duration of Arbitration
The duration of arbitration, in addition to its cost, is an important factor claimants take into account when determining whether to start arbitration proceedings in the first place, and respondents take into account when determining whether a matter should be resolved through negotiations. A supposedly shorter duration of arbitration proceedings is one of the commonly […]
Arbitration in Lebanon: Enforcing Arbitration Awards
This note focuses upon the final stage of arbitration proceedings, which involves the recognition and enforcement of an arbitration award, either domestic, international or foreign, in Lebanon. Arbitration in Lebanon is regulated by the Lebanese Arbitration Law, which has been codified into the Lebanese Code of Civil Procedure (“CCP”) through the enactment of Legislative Decree […]