Arbitration in Vienna: The Vienna Rules 2013 – Most Notable Changes
Effective 1 July 2013, the new Vienna Rules of Arbitration, presented by the Vienna International Arbitral Centre, have introduced amendments and additional provisions to the previous rules established in 2006. Adopted by the Extended Presiding Committee of the Austrian Federal Economic Chamber in…
Mehr lesenHigh Standards of Procedural Fairness vs. Judicial Review of the Merits of the Arbitral Award
Earlier this year, the Swiss Federal Supreme Court (the ″Supreme Court″) confirmed that, if an arbitral award has been issued that is entirely silent on elements which are apparently important for the decision on a dispute, it falls upon the arbitrator and the respondent in an action for annulment…
Mehr lesenRegulation (EU) No 1219/2012: Status of Extra-EU BITs Clarified
On 20 December 2012, the Regulation (EU) No 1219/2012 of the European Parliament and of the Council of 12 December 2012 establishing transitional arrangements for bilateral investment agreements between Member States and third countries (the “Regulation”) was published in the Official Journal of the…
Mehr lesenIrreconcilable Dispute Resolution Clauses
Party autonomy and the freedom to agree on jurisdiction constitute the very corner stones of arbitration as a dispute resolution method. However, in many instances, it is precisely the question of jurisdiction that adds an additional layer of controversy to arbitration proceedings. This is most…
Mehr lesenIBA Rules for Investor State Mediation
Investor-state disputes are on the rise. Since the late 1990s, the number of such disputes has increased sharply. By the end of 2011, 450 known cases were pending. Investor-state dispute settlement mechanisms allow foreign investors to challenge a wide range of governmental measures, and to sue host…
Mehr lesenMontenegro signs ICSID Convention
The signing ceremony which took place on 19 July 2012 was attended by Srdjan Darmanović, Ambassador of Montenegro to the United States and Marija Petrović, First Secretary of the Embassy of Montenegro to the United States and, on behalf of the Convention, by Meg Kinnear, Secretary-General of ICSID.
Mehr lesenPrecedence in Investment Arbitration
In recent decades, investment arbitration has continued to be an expanding category of public international law. This growth is fueled by the fact that the law applied to international investment disputes is derived from numerous sources. Examples include bilateral investment treaties (“BITs”),…
Mehr lesenRevision of Arbitral Awards due to Newly Discovered Facts or Evidence: A Cyclist’s Tour de Suisse
In a judgment dated 6 October 2010, Bakker vs. Union Cycliste Internationale, the Federal Swiss Supreme Court (“Supreme Court”) refused to grant the revision of two arbitral awards rendered by the Court of Arbitration for Sport (“CAS”) involving a Dutch professional cyclist (“Applicant”). In the…
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