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It is a widely held assumption that sophisticated parties prefer arbitration over litigation in international … agreements for three reasons. First, the flexibility granted by arbitration would allow parties to write dispute settlement … would cause parties to prefer arbitration over litigation.This study examines the validity of these theoretical claims …
Persistent link: https://www.econbiz.de/10012901126
Arbitration clauses in international contracts have become increasingly popular in recent years. They offer parties to … a contract a flexible and efficient alternative to traditional court litigation, particularly in cross … law of the contract, the scope of the clause, and the willingness of parties to comply with the arbitral award. This paper …
Persistent link: https://www.econbiz.de/10014359668
The separability of an arbitration agreement from the underlying contract is a well-established theory in commercial … arbitration. This theory has been applied by courts and arbitral tribunal across the globe without any deviance. However, the … position becomes complex when the question is regarding the separability of an arbitration agreement when the underlying …
Persistent link: https://www.econbiz.de/10014080995
resolution has become increasingly relevant in today’s world, and the number of agreements involving alternative dispute … the benefits of alternative dispute resolution over litigation/arbitration procedures, both of which tend to facilitate …
Persistent link: https://www.econbiz.de/10013215479
and unpredictable jockeying for authority and advantage. The article proposes that arbitration clauses governing …
Persistent link: https://www.econbiz.de/10012937103
Like consummated romance, arbitration rests on consent. An agreement of some sort waives each side's right to invoke … that never signed an arbitration clause. In cross-border arbitration, the genesis of decision-making power derives from no … single legal system. Arbitration arises from the parties' decision that the dispute should not be decided by national courts …
Persistent link: https://www.econbiz.de/10012949889
contracts that mandate dispute settlement in an arbitration tribunal as potentially unfair and oppressive as against consumers … Lords is not necessarily applicable to arbitration clauses because of the lower cost of such proceedings and the … availability of legal aid, even in the international context. International arbitration decisions may also be reviewed for …
Persistent link: https://www.econbiz.de/10013146360
and that deviate from state contract law, courts are enforcing arbitration agreements in situations where they would not … poorly-conceived federal policy favoring arbitration, but instead should apply general contract principles to arbitration …It is widely acknowledged that the purpose of the Federal Arbitration Act was to place arbitration clauses on “equal …
Persistent link: https://www.econbiz.de/10014163259
insurance, Islamic financial market and etc. This problem leaves arbitration as the only process for the settlement of Islamic … commercial dispute. Nevertheless, arbitration cannot be resorted to, except if an arbitration clause is inserted in the … respective commercial agreement. This article expounds the importance of the arbitration clause to the Islamic commercial …
Persistent link: https://www.econbiz.de/10013049512
use and advantages of arbitration, as the only viable approach, for resolving those disputes …
Persistent link: https://www.econbiz.de/10013250368