The rules of the International Centre for Dispute Resolution (“ICDR”) of the American Arbitration Association (“AAA”) entered into force in 1998. They were first revised in 2014. Seven years later, the ICDR issued a revised set of rules effective on 1 March 2021. In line with the recent revisions of institutional arbitration rules in Europe,[1] […]
International Construction Arbitration in the Middle East
The construction industry is a leading economic sector in the Middle East, where a large number of infrastructure projects worth billions of dollars are commenced each year. Construction disputes are inevitable due to activity in the construction industry and arbitration is the preferred dispute resolution mechanism for such disputes, especially for foreign parties. Construction disputes […]
Changing Lawyers During an International Arbitration
There are a variety of legitimate reasons why a party might wish to change lawyers over the course of an international arbitration, which can be a long and expensive procedure. A party may lose confidence in its lawyers: the quality, loyalty and vigor of a party’s representatives can have substantial consequences for the party’s opportunity […]
Commodity Arbitrations
Commodity arbitration involving international trade is one the oldest segments of international commercial arbitration, which has become more sophisticated and organized over the years. Commodity markets arose with the increase of trade volume, first in Great Britain in the nineteenth century, especially during the Victorian era, then in the rest of the world. Today, London […]
Overheads and Profit Claims in Construction Arbitration
Claims for lost overheads and profit are common in construction arbitrations involving delay and disruption. When the completion of the Works in question was caused by the Employer’s delay, Contractors often include a claim for lost contribution to head office overheads and the lost opportunity to earn profit (either on the project which is the […]