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The extent to which the legal guidelines of the seat of the arbitration allow “social gathering autonomy” (the power of the events to set out their own procedures and laws) determines the interaction between the two.

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Arbitration,arbitration definition,american arbitration association,what is arbitration,arbitration agreementIn at present’s globalised economy, our clients increasingly select to resolve their (worldwide) enterprise disputes by means of arbitration. Varady, Tibor; Barcelo, John J.; Von Mehren, Arthur Taylor (2006) International Industrial Arbitration third Ed. The panelists shared useful insights on coping with disputes arising out of cross-border investments. Though often regarded as speedier, when there are multiple arbitrators on the panel, juggling their schedules for hearing dates in lengthy cases can lead to delays.

Arbitration offers us, amongst others, a versatile process, speedy resolution, low price, suitability for advanced dispute, confidentiality, and international enforceability. He identified three legal standards which have been developed by worldwide arbitration practice, and the similarities and … Read the rest

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