Posts

A Few Advantages of Commercial Arbitration Law

Image
International commercial arbitration law can resolve disputes within international commercial contracts. Arbitration is a flexible method to resolve disputes with the consent of both parties. If you are looking to sign a contract with another party, you can add a relevant arbitration clause to the contract. The ease of application makes arbitration a preferred option of dispute resolution for parties. Over the years, arbitration has emerged as a strong and widely accepted method to resolve disputes. Rapid globalisation has increased the volume of international contracts with clauses including international arbitration. This has also improved cross-border commerce and investment. It is useful for foreign companies located in the same country. So, it is not incorrect to say that arbitration has become an international tool to resolve disputes that arise in the business community. As per the report published in ICC , the court registered around 946 cases in 2016. These figures indicate a ...

Top 4 Advantages of Investment Dispute Resolution

Image
As many of us know, global flows of FDI investment have seen massive growth in the last few years. Due to this many multinational companies and overseas investment activities have become an essential part of the world’s economy and globalisation.  In order to ensure an uninterrupted growth in this trend, a large network of investment treaties and customary international law obligations have come to the light. Some investment treaties and customary international law obligations provide extra protection to bring investment claims against a host state in the light of international law.  A foreign investor can leverage investment dispute resolution procedures to register a case against a host state in the case of a dispute. According to the ICSID, investors preferred the arbitration mechanism provided by the ICSID Arbitration Rules. The institute registered a total number of 66 cases in 2021 and 58 in 2020. This method is helpful for foreign investors to stay compliant with intern...

The Role of the International Chamber of Commerce in Arbitration

Image
International Commercial Arbitration is now a popular dispute resolution method for many businesses and governments. It is a dispute resolution method that allows parties to resolve their differences without going to court. Being involved in a dispute is an overwhelming and expensive task to begin. But, arbitration is one of the best processes tailored according to your needs. It is effective and convenient as it saves time and costs. Also, arbitration gives the flexibility to parties that they cannot get from the usual court proceedings. In international trade and commerce, and government contracts. arbitration has emerged as one of the strong and widely accepted methods of dispute resolution. More than 90% of international contracts have arbitration clauses. It means globalisation and trade between countries have made us realise the importance of commercial contracts. And in turn, the need for arbitration is felt by many people.  The availability of such dispute resolution method...

What is International Commercial Dispute Resolution?

Image
With increasing trade and commerce activity at the international level, there have been incidences of disagreements and conflicts between parties. When a dispute arises due to these disagreements, it leads to tension between parties. Such disagreements can further delay the import and commercial relations of the parties. There are ways to resolve these disagreements between parties. Through international commercial dispute resolution , these disagreements can be resolved.  Various types of dispute resolution methods are available today to resolve cases between parties involved in some kind of trade.  These dispute resolution methods are a flexible way to resolve a range of cases today. They help parties resolve conflicts without the involvement of legal court proceedings. These methods are widely popular for settling disputes in the most flexible way. ADR (Alternative Dispute Resolution) procedures allow parties to resolve their disputes creatively and independently without th...

Tips to Choose an Arbitrator for Arbitration Resolution

Image
Arbitration is one of the dispute resolution methods used by individuals to resolve their disagreements. It is an effective method of dispute resolution where an arbitrator listens to every side before pronouncing an award. For this, an arbitration tribunal is permitted to adopt various practices suitable to reach the conclusion. Arbitration is one of the quick and cheap methods of dispute resolution techniques. Generally, parties choose arbitration because it is the private form of dispute resolution technique.  Over the years, the International commercial dispute resolution method has become a leading method of resolving disputes. It is a form of dispute resolution method for international commercial agreements and international trade agreements.  The SCC registered a total of 213 cases in 2020 which was higher than in 2019. It also indicated a strong share of women arbitrators appointed that year. In a nutshell, arbitration is one of the effective tools for dispute resolu...

4 Types of International Dispute Settlement Mechanism

Image
Disputes in business, government, economy, and international trade affect people. Dispute resolution is a time taking process. Although they resolve cases eventually. A dispute mechanism techniques are alternative to litigation. These methods are used to resolve several disputes involving businesses, families, consumers, and employees. Parties can choose alternative dispute resolution methods because they are cost-effective, flexible, and easy to follow. This blog will tell you about some of the dispute resolution techniques for you to consider when the need arises.  International dispute settlement mechanism is a structured process to address disputes in complex international trade relations. Sometimes it is known as a grievance mechanism because the method is different from usual court cases. Since this method has emerged as an effective tool for resolving a variety of trade-related disputes between parties, it is widely preferred today. Here are some of the main Dispute Settlem...

A Simple Guide To Investment Dispute Resolution

Image
If you are a foreign investor looking to resolve the dispute between you and the host state, you can consider investment arbitration. It is a contemporary method of dispute resolution where foreign investors can put claims against a host state. Foreign investors can hire an independent and qualified arbitrator to resolve the dispute and provide an enforceable award.      This method of dispute resolution helps foreign investors to skip national jurisdictions in line with the international treaties, but there is only one condition. A host state must give its consent to initiate the Investment dispute resolution process. Arbitration is a dispute resolution process that provides a fair resolution without unnecessary cost, and delay time to get justice. This method gives more flexibility to parties because parties have to decide how they need to resolve their disagreements. So, let's see how it is one of the best dispute resolution methods. Investment Dispute Resolution - A ...