Aceris Law is pleased to announce that it has successfully resolved a dispute subject to the LMAA Terms under English law involving several substantive issues, including wrongful termination, repudiatory breach, and the proper measure of damages. The dispute concerned a contract for the sale of raw materials in the carbon fuels industry from the United […]
Aceris Law Successfully Resolves Dispute following Dispute Adjudication Board (DAB) Proceedings for East European State Entity
Aceris Law is pleased to announce that it has secured the targeted outcome representing a respondent East European State Entity in Dispute Adjudication Board (DAB) proceedings followed by negotiations. The DAB proceedings concerned a World Bank-financed project to construct an overhead transmission line that was plagued by numerous problems, including landslides and inadequate protective works. […]
Limitation Periods for Enforcement of Foreign Arbitration Awards
One of the primary advantages of international arbitration as compared to litigation is the enforceability of arbitration awards internationally. However, the period in which international arbitration awards must be enforced internationally varies drastically depending on the place of enforcement. In the table below (Section IV), we provide a quick reference guide, summarizing the limitation periods […]
Dismissing Stale Claims for Want of Prosecution in International Arbitration
Under English law, if a claimant unreasonably delays the prosecution of its claims, the arbitral tribunal has discretion to dismiss them for “want of prosecution” (or to take less drastic measures to “penalize” the claimant, for instance, in terms of costs, interest or the conduct of the proceedings). Yet, it will normally not do so, […]
The Practice of Arbitration in Ukraine
Ukraine, often called “The Gates of Europe“, has a geographical position that has long enabled it to be a hub of commercial activity. Unsurprisingly, arbitration also has a long history in Ukraine. The independence of Ukraine opened a new page in the history of arbitration, both domestic and international. Domestic Arbitration in Ukraine: from Inception […]