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Arb-Med-Arb: what is it and how can it help the parties to solve their disputes efficiently?

by and 4 Mins Read

What is the most efficient alternative, i.e. out of court, way to settle disputes? Arbitral institutions provide many options to the parties: “normal” arbitration, expedited arbitration, mediation, multi-tier dispute resolution providing for both mediation and arbitration … A relatively recent option was presented by the Singapore International Arbitration Centre (SIAC) and the Singapore International Mediation Centre (SIMC). In November 2014, the SIAC and the SIMC introduced so-called hybrid proceedings called Arb-Med-Arb, i.e. Arbitration-Mediation-Arbitration. In the…

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In Arbitration Procedure

ICC and LCIA Revise Practice Notes

by 2 Mins Read

At the end of October, both, ICC and LCIA, introduced revised practice notes. Aiming to increase efficiency of the proceedings the ICC amended its 30-page “Note to Parties and Arbitral Tribunals on the Conduct of the Arbitration under the ICC Rules of Arbitration”. The ICC added a section “Expeditious Determination of Manifestly Unmeritorious Claims or Defenses”. The practice note is available on the ICC’s website (click here to view the practice note). The relevant part…

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In Arbitration Procedure

ICCA and Queen Mary School Task Force’s Draft Report on Third Party Funding

by and 5 Mins Read

On 1 September, a task force of the ICCA and the Queen Mary School of International Arbitration published a draft report on third party funding. The draft report is still available for public comment until 31 October 2017. A final report will be launched in April 2018. In the following, we want to give a quick overview of the 177-page report which can be downloaded here. Pursued objectives of the report are, on the one…

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In Arbitration Procedure

U.S. Second Circuit Confirms Annulled Award Cannot Be Enforced

by 6 Mins Read

Two years after its noted decision enforcing an annulled award in the Pemex[1] case, the Second Circuit again took up the issue of enforcement of an annulled award. This time, noting different facts, the Second Circuit affirmed a District Court’s decision to not enforce an annulled award that had been annulled after the original judgment of confirmation. The circumstances of this case are unique: The award was originally enforced in two secondary jurisdictions (the U.S.…

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