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International Commercial Arbitration

International Commercial Arbitration. Lec1: Introduction & Overview (part 1). Readings. Zhao, Xiu-wen, International Commercial Arbitration Law , 2004, Chapter 1 Redfern & Hunter, Law & Practice of International Commercial Arbitration , 2005, Chapter 1. Introduction.

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International Commercial Arbitration

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  1. International Commercial Arbitration Lec1: Introduction & Overview (part 1)

  2. Readings • Zhao, Xiu-wen, • International Commercial Arbitration Law, 2004, • Chapter 1 • Redfern & Hunter, • Law & Practice of International Commercial Arbitration, 2005, • Chapter 1

  3. Introduction • Meaning of Arbitration • Fouchard, Gaillard & Goldman on International Commercial Arbitration: • Arbitration is a device whereby the settlement of a question, which is of interest for two or more persons, is entrusted to one or more other persons – the arbitrator or arbitrators – who derive their powers from a private agreement, not from the authorities of a State, and who are proceed and decide the case on the basis of such an agreement. (France)

  4. Introduction • Meaning of Arbitration • Fouchard, Gaillard & Goldman on International Commercial Arbitration: • a private method of settling disputes, based on the agreement between the parties. Its main characteristic is that it involves submitting the dispute to individuals chosen, directly or indirectly, by the parties. In international arbitration, this definition is preferable to the negative definition found in domestic law, according to which the principle characteristic of arbitration is the fact that the dispute is removed from the jurisdiction of the courts.

  5. Introduction • Meaning of Arbitration • Law & Practice of International Commercial Arbitration • two or more parties faced with a dispute which they cannot resolve themselves, agreeing that some private individual will resolve it for them and if the arbitration runs its full course… it will not be settle by a compromise, but by a decision.

  6. Introduction • Doctrinal Basis of Arbitration • Party autonomy • Agreement to arbitrate • Selection of arbitrator(s) • Autonomy in arbitral proceedings

  7. Introduction • Fundamental Features of Arbitration • An alternative to national court • A Private mechanism for dispute resolution • Selected and controlled by the parties • Final and binding determination of parties’ rights and obligations

  8. Introduction • History of Arbitration • Arbitration of antiquity • The Baltic Exchange • Modern arbitration

  9. Introduction • Relationship between Arbitration and Courts • Supporting role • Supervising role

  10. Introduction • International Conventions • Convention on the Settlement of Investment Disputes between States and Nationals of States 1965 or ICSID Convention or Washington Convention • Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (The New York Convention 1958)

  11. Introduction • UNCITRAL Model Law on International Commercial Arbitration • UNCITRAL Model Rules on International Commercial Arbitration

  12. Introduction • Meaning of International • UNCITAL Model Law: • An arbitration is international if:  

  13. Introduction • (a) • the parties to an arbitration agreement have, at the time of the conclusion of that agreement, their places of business in different States; or

  14. Introduction • (b) • one of the following places is situated outside the State in which the parties have their places of business: •  (i) • the place of arbitration if determined in, or pursuant to, the arbitration agreement; •  (ii) • any place where a substantial part of the obligations of the commercial relationship is to be performed or the place with which the subject-matter of the dispute is most closely connected; or

  15. Introduction • (c) the parties have expressly agreed that the subject-matter of • (i) • In the interpretation of this Law, regard is to be had to its international origin and to the need to promote uniformity in its application and the observance of good faith. •  (ii) • Questions concerning matters governed by this Law the arbitration agreement relates to more than one country.

  16. Introduction • Meaning of International • New York Convention: • This Convention shall apply to the recognition and enforcement of arbitral awards made in the territory of a State other than the State where the recognition and enforcement of such awards are sought, and arising out of differences between persons, whether physical or legal. It shall also apply to arbitral awards not considered as domestic awards in the State where their recognition and enforcement are sought.

  17. Introduction • Meaning of Commercial • UNCITAL Model Law: • The term "commercial" should be given a wide interpretation so as to cover matters arising from all relationships of a commercial nature, whether contractual or not. Relationships of a commercial nature include, but are not limited to, the following transactions: any trade transaction for the supply or exchange of goods or services; distribution agreement; commercial representation or agency; factoring; leasing; construction of works; consulting; engineering; licensing; investment; financing; banking; insurance; exploitation agreement or concession; joint venture and other forms of industrial or business co-operation; carriage of goods or passengers by air, sea, rail or road.

  18. Overview of Arbitral Process • Arbitration agreement • Dispute • Reference to arbitration • Constituting arbitral tribunal • Settling the schedule • Hearings • Award • Enforcement/Challenge

  19. Forms of Arbitration • Ad hoc Arbitration • Advantages & disadvantages • Institutional Arbitration • Advantages & disadvantages • International Arbitration Institutions • Private international institutions • Local institutions • Regional institutions • Others • Industry focused and commodity institutions

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