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Realizing the Advantages of International Commercial Arbitration

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institution rules or ad hoc arbitration. choosing the 'right' rules ... interim relief. limits on judicial intervention/appeal ... – PowerPoint PPT presentation

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Title: Realizing the Advantages of International Commercial Arbitration


1
Realizing the Advantages of International
Commercial Arbitration
  • Henri C. Alvarez
  • October 6, 2005

2
Advantages
  • private
  • neutral
  • predictable
  • binding
  • limited judicial review
  • summary enforcement
  • flexible

3
How to Realize the Advantages
  • choosing the place of arbitration
  • choosing the procedure
  • choosing the arbitrators
  • ensuring privacy and confidentiality
  • finality and judicial intervention
  • considering the arbitration agreement

4
Place of Arbitration
  • legal seat
  • nature and scope of judicial scrutiny
  • measures available to court to support
    proceedings
  • grounds available to challenge award
  • grounds upon which award may be set aside

5
Procedure
  • broad freedom to select procedure
  • institution rules or ad hoc arbitration
  • choosing the right rules
  • the arbitral tribunals discretion
  • choosing counsel

6
Choosing Arbitrators
  • expertise vs. experienced
  • independence
  • impartiality

7
Privacy and Confidentiality
  • the confidentiality myth
  • by rule or agreement

8
Finality and Judicial Intervention
  • subject to less review
  • UNCITRAL Model Law
  • due process
  • jurisdiction
  • parties
  • subject matter
  • public policy

9
Arbitration Agreement
  • standard institution clause vs. specially
    tailored clause
  • most important aspect of any arbitration

10
Elements of the Arbitration Agreement
  • scope of agreement
  • parties
  • subject matter
  • place of arbitration
  • applicable rules
  • number of arbitrators/method of appointment
  • arbitrator qualifications

11
  • law applicable to the merits
  • language of the arbitration
  • confidentiality
  • interim relief
  • limits on judicial intervention/appeal
  • negotiation or mediation as a preliminary step

12
Conclusions
  • privileged form of dispute resolution larger than
    the sum of its parts
  • a powerful tool for the management and resolution
    of disputes
  • exercise of autonomy/flexibility is key
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