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Realizing the Advantages of International Commercial Arbitration. Henri C. Alvarez October 6, 2005. private neutral predictable binding. limited judicial review summary enforcement flexible. Advantages. How to Realize the Advantages . choosing the place of arbitration

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realizing the advantages of international commercial arbitration

Realizing the Advantages of International Commercial Arbitration

Henri C. Alvarez

October 6, 2005

advantages
private

neutral

predictable

binding

limited judicial review

summary enforcement

flexible

Advantages
how to realize the advantages
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
place of arbitration
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
procedure
Procedure
  • broad freedom to select procedure
  • institution rules or ad hoc arbitration
  • choosing the “right” rules
  • the arbitral tribunal’s discretion
  • choosing counsel
choosing arbitrators
Choosing Arbitrators
  • expertise vs. experienced
  • independence
  • impartiality
privacy and confidentiality
Privacy and Confidentiality
  • the confidentiality myth
  • by rule or agreement
finality and judicial intervention
Finality and Judicial Intervention
  • subject to less review
    • UNCITRAL Model Law
    • due process
    • jurisdiction
      • parties
      • subject matter
    • public policy
arbitration agreement
Arbitration Agreement
  • standard institution clause vs. specially tailored clause
  • most important aspect of any arbitration
elements of the arbitration agreement
Elements of the Arbitration Agreement
  • scope of agreement
    • parties
    • subject matter
  • place of arbitration
  • applicable rules
  • number of arbitrators/method of appointment
  • arbitrator qualifications
slide11
law applicable to the merits
  • language of the arbitration
  • confidentiality
  • interim relief
  • limits on judicial intervention/appeal
  • negotiation or mediation as a preliminary step
conclusions
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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