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International Arbitration Yearbook

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A. LEGISLATION AND RULES A.1 Legislation International arbitration in Malaysia continues to be governed by the Arbitration Act 2005, to which no legislative amendment has been made since the latest amendments in 2018. A.2 Institutions, rules and infrastructure The Asian International Arbitration Centre (AIAC) is Malaysia’s leading arbitration institution, with several key launches in 2021. A.2.1 Launch of AIAC Arbitration Rules 2021 On 1 August 2021, the AIAC launched the latest revisions to its Arbitration…

A. LEGISLATION AND RULES A.1       Legislation France has enacted law No. 2021-750 dated 11 June 2021 by which it ratifies the Agreement for the Termination of BITs concluded by 23 member states of the European Union (“Agreement”). This Agreement has been adopted notably following the ruling of the European Court of Justice (ECJ) in the Achmea case[1] which found that the arbitration agreements contained in intra-European BITs did not comply with the provisions of European…

A. LEGISLATION AND RULES A.1       Legislation International arbitration in the Kingdom of Saudi Arabia continues to be governed by the arbitration law issued by Royal Decree No. 34/M, dated 24/5/1433H (corresponding to 16 April 2012G) and its implementing regulations (which came into force on 7 June 2017), which replaced the arbitration law issued by Royal Decree No. 46/M, dated 12/7/1403H, to which no notable amendments have been made since. A.2       Institutions, Rules and Infrastructure The…

A. LEGISLATION AND RULES A.1       Legislation International arbitration in Colombia continues to be governed by Law 1563 of 2012 (“Law 1563”), which entered into force in October 2012. Section 3 of Law 1563 governs international arbitration and is based on UNCITRAL Model Law with certain amendments (“International Arbitration Statute”). Currently, Congress is debating Bill No. 009/21, authored by the Ministry of Justice and Law, which proposes to introduce a few amendments to the International Arbitration…