Global arbitration news

Here are some recent news articles and updates on global arbitration:

International Arbitration News

  1. New York Convention Amendments: The United Nations Commission on International Trade Law (UNCITRAL) has adopted amendments to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. The amendments aim to improve the efficiency and effectiveness of international arbitration. (Source: UNCITRAL)
  2. ICC Arbitration Statistics: The International Chamber of Commerce (ICC) has released its 2020 arbitration statistics, showing a 10% increase in new cases filed compared to 2019. The ICC also reported a 15% increase in cases involving Asia-Pacific parties. (Source: ICC)
  3. Singapore International Arbitration Centre (SIAC) Rules: The SIAC has introduced new rules to enhance the efficiency and effectiveness of its arbitration proceedings. The new rules include provisions on expedited arbitration, joinder of parties, and consolidation of cases. (Source: SIAC)

Regional Arbitration News

  1. EU-UK Trade Deal: The European Union and the United Kingdom have agreed on a trade deal that includes provisions on arbitration and dispute resolution. The deal aims to ensure a smooth transition for businesses and individuals affected by Brexit. (Source: EU)
  2. US-China Trade Deal: The United States and China have signed a phase one trade deal that includes provisions on intellectual property protection and dispute resolution. The deal also establishes a mechanism for resolving disputes through arbitration. (Source: US-China Trade Deal)
  3. India's Arbitration Reforms: The Indian government has introduced reforms to improve the country's arbitration regime. The reforms include the establishment of a new arbitration council and the introduction of a fast-track arbitration process. (Source: Indian Government)

Case Law Updates

  1. Vattenfall v. Germany: The European Court of Justice has ruled that Germany's decision to phase out nuclear power plants is not a breach of the Energy Charter Treaty. The case highlights the importance of careful drafting in international arbitration agreements. (Source: European Court of Justice)
  2. Eiser Infrastructure v. Spain: The International Centre for Settlement of Investment Disputes (ICSID) has ruled in favor of Eiser Infrastructure, an Irish company, in a dispute with Spain over the cancellation of a solar power project. The case highlights the importance of ensuring that investment agreements are fair and reasonable. (Source: ICSID)
  3. Perenco v. Ecuador: The ICSID has ruled in favor of Perenco, a French oil company, in a dispute with Ecuador over the expropriation of an oil field. The case highlights the importance of ensuring that expropriation is carried out in accordance with international law. (Source: ICSID)

Industry Developments

  1. Arbitration Technology: The arbitration industry is increasingly adopting technology to improve efficiency and reduce costs. New platforms and tools are being developed to facilitate online arbitration, document management, and case tracking. (Source: Arbitration Technology)
  2. Arbitrator Diversity: There is a growing trend towards increasing diversity among arbitrators, with a focus on appointing women and minority arbitrators to cases. This is seen as an important step towards improving the fairness and effectiveness of arbitration. (Source: Arbitrator Diversity)
  3. Arbitration Costs: The cost of arbitration is a growing concern for parties, with some cases involving significant legal fees and expenses. There is a need for greater transparency and predictability in arbitration costs to ensure that parties are aware of the costs involved. (Source: Arbitration Costs)