Seemingly not a month goes by without a new arbitral institution springing up, from Turkey to Bulgaria, from Georgia to Jerusalem, and from Cambodia to Rwanda. Establishing a new arbitration center, however, is not simply a matter of finding office space or picking a name. In fact, picking a name can barely even be considered a task at all—it is almost pre-ordained that christening a new institution simply means deciding on how to combine the words “arbitration,” “international,” the name of the host city/state, and “center” (or “centre”), and possibly a term like “commercial” thrown in as something akin to literary flare in the realm of arbitral institution monikers.[...]
Two months ago I commenced a five-month secondment with the London Court of International Arbitration (LCIA), a change of scene from my usual post at Herbert Smith Freehills LLP in London where I am a New York-qualified associate working on both commercial and investment arbitration matters. While in many ways the secondment has so far gone as I had expected and I am conscious of the privileged access I have as a secondee, I did not anticipate the barrage of curiosity and questions from colleagues, friends, clients, and arbitration-related service providers wanting to know about my experience “taking a look behind the curtain.” There is definitely a desire amongst users to know more about [...]
Introduction and background
Vladivostok is often perceived as the ‘capital’ of Russia’s Far East. It is also often portrayed, however, as Moscow’s backward colonial outpost, with few cars on the streets and where the supermarkets’ half-empty shelves offer nothing but Bulgarian pickles and stale bread. This perception is misguided.
Russia’s Far East encompasses 36% of Russia’s entire territory: that is, 6.2 million square kilometres, or about 8,700 times the size of Singapore or 5,600 times that of Hong Kong. The region produces over 60% of Russia’s gold, 90% of its diamonds, 65% of its fish products, 30% of its timber, and an increasing share of Russia’s oil and gas. The re [...]
Party autonomy is a well-established cornerstone of arbitration, which treats the parties as the true creators of the arbitral procedure. Hybrid arbitration clauses are built on this cornerstone. In a certain type of hybrid arbitration clause, the parties place the administration of arbitration in the hands of one arbitration institution by using the rules of another institution.
It is, however, often forgotten that arbitration rules are a product of the effort made by the institutions to provide the best service. They are in constant pursuit of the most efficient procedural solutions, and they work on their arbitration rules, trying to adapt them to the needs of the industry and to reflect [...]
As a fitting tribute to the vision of the first dedicated arbitration education institution, the School of International Arbitration (SIA) marked its 30th anniversary with a two day conference looking back and looking forwards. Entitled “The Evolution and Future of International Arbitration: The Next 30 years”, it brought together over 200 graduates, academics and practitioners to reflect on the achievements in the field and the challenges ahead. Highlights included some blue-sky thinking as to the dramatic impact technology will have on the landscape of arbitration and some critical introspection as to the ongoing relevance of many of the key practices that the arbitral community holds [...]
In November 2014, a new arbitration center was established in Bulgaria – the KRIB Court of Arbitration (KRIB – Confederation of Employers and Industrialists in Bulgaria). The establishment of this institution was awaited by the Bulgarian business.
The establishment of a new arbitral institution in Bulgaria is an important step, since arbitration is a widely used method of dispute resolution in Bulgaria, especially for commercial disputes. In 2014, more than 40,000 new arbitration proceedings were commenced, including both institutional and ad hoc arbitrations. Even if most of those new cases concern utilities contracts (electricity supply, heat supply, mobile phones contracts etc.), still th [...]