Arbitration institutions have attempted to adapt their arbitration rules in order to be more appropriate for small claim arbitrations by reducing the costs and the time of arbitration proceedings. The ICC Arbitration Rules applicable as of 1 March 2017 confirm this trend by introducing special rules for claims below USD 2 million. According to the ICC Court, […]
Aceris Successfully Resolves ICDR Arbitration for Canadian Respondent
Aceris Law has assisted another Canadian client in obtaining the successful resolution of an ICDR arbitration brought against it. The ICDR arbitration, initiated by a Fortune 500 American electronic commerce company against the Canadian respondent, concerned alleged illegal acts under U.S. federal law, alleged violations of Washington State law and claims of breach of contract. Following […]
Brazil and the Cooperation and Facilitation Investment Agreement (CFIA): A Step Backwards for Arbitration?
In 2015, as a result of the increase of Brazilian investment overseas, the Brazilian government, in consultation with private entities, elaborated so-called Cooperation and Facilitation Investment Agreements (“CFIA”s – or “ACFI” in its Portuguese acronym). The CFIA’s aim was to facilitate and stimulate reciprocal investments between States, especially in strategic sectors, much like the Bilateral […]
An Overview of The Saudi Arbitration Law
In the year of 1437 H (2016), the Saudi Center for Commercial Arbitration (“SCCA”) drafted arbitration rules based on the UNCITRAL Arbitration Rules. The Saudi Center for Commercial Arbitration Rules are available here. Arbitration through the Saudi Center for Commercial Arbitration is designed to ensure that the procedure conforms with official Saudi rules and procedures. Arbitration […]
Consent in Investment Arbitration
Investment arbitration, like any arbitration, is a creature of contract. A party submitting a case to the International Centre for Settlement of Investment Disputes (the “Centre”) therefore must ensure that their adversaries have consented to arbitrate. This article answers the ‘what, how, and when’ of consent in investment arbitration. What is “Consent”? Article 25(1) of […]