Aceris Law LLC is pleased to announce that it has successfully resolved another ICC arbitration for another well-deserving client, shortly after securing a USD 34.5 million arbitration award for a different client. The arbitration, which had it seat in London, was governed by the laws of Saudi Arabia and concerned construction works related to a […]
The CIETAC Arbitration Rules, Organization and Key Developments
The China International Economic and Trade Arbitration Commission (the “CIETAC”) is the main permanent arbitration institution in Mainland China, but also one of the oldest and busiest arbitration institutions in the world. The CIETAC was established in April 1956. Originally named the Foreign Trade Arbitration Commission of the China Council for the Promotion of International […]
Settlement and ICC Arbitration
Contrary to what is often believed, most international arbitration cases are resolved through direct settlement between the Parties, or are withdrawn, with relatively few proceeding to a final oral hearing. According to Dispute Resolution Data, which analyzed 3,642 international commercial arbitration cases since 2005, 58.8% of international commercial arbitration cases that were initiated were either […]
Dubai International Arbitration Centre (DIAC) Arbitration
The Dubai International Arbitration Centre (DIAC) is one of the largest arbitration institutions in the Middle East. It was originally established in 1994 by the Dubai Chamber of Commerce and Industry as the Centre for Commercial Conciliation and Arbitration.[1] The same year, the 1994 DIAC Conciliation & Arbitration Rules were released. They were subsequently revised […]
How to Initiate an LMAA Arbitration
Initiating an LMAA arbitration is a simple process: it normally requires serving a Notice of Arbitration directly to the opposing side, which includes only skeletal information about the parties, the constitution of the arbitral tribunal, the claims and the relief sought. We discuss the role of the LMAA in an LMAA arbitration (Section I), the […]