In 2017 ICSID registered 53 new cases. To establish ICSID Jurisdiction the parties mostly invoked BITs (69%), investment contracts (10%), investment law of the host-State (7%) and Energy Charter Treaty (7%). Most cases were related to Eastern Europe and Central Asia (36%), Sub-Saharan Africa (15%) and Middle East and North Africa (15%). Among the awards [...]
As part of its ongoing commitment to transparency, the LCIA published 32 digests with LCIA arbitration challenge decisions made between 2010 and 2017. Out of 32 decisions only six challenges were upheld (and one challenge brought against the whole tribunal that was partially upheld).
The arbitral institution, DELOS, settled in Paris, created by Pierre Mayer and David Caron, has rendered its first arbitral award.
The Kuala Lumpur Regional Centre for Arbitration (KLRCA) effectively changed its name on 28 February 2018 to become the Asian International Arbitration Centre (AIAC). The AIAC further announced the launching of its revised arbitration rules (AIAC Arbitration Rules 2018) on 9 March 2018, including expeditious appointment of emergency arbitrators and new power to consolidate disputes.
The VIAC adopted new rules introducing new provisions on domestic arbitration, gender diversity, security for costs and the efficiency of proceedings. The new text is effective from 1 January 2018.
Following a breach of a contract, a company filed a request for arbitration to ICC. ICC suspended the arbitration proceedings for default of advance payment of arbitration costs. The company therefore sued ICC before the President of the Paris High Court (judge acting in support of the arbitration) for denial of justice. The Cour de [...]
An OHADAC mediation and arbitration center will soon take shape in Guadeloupe. Taking the successful harmonization of business law in Africa (OHADA) as a model, the Organization for the Harmonization of Business Law in the Caribbean will also offer specific rules regarding investment disputes procedure. The center will be directed by Marie-Camille Pitton, lawyer at [...]
Inauguration of the Marseille Chamber of Arbitration for Europe, Africa and Asia [Chambre d’arbitrage de Marseille pour l’Europe, l’Afrique et l’Asie], 30 June 2017
Under the auspices of the Marseille Provence Chamber of Commerce and Industry, this new institution’s objective is to give the international economic actors a choice of an alternative dispute resolution method in the Mediterranean basin.