A. LEGISLATION AND RULES A.1 Legislation In April 2016, as a result of the reform of the judicial system, the Law on Arbitration (“New Arbitration Law”) was adopted. This law is based on the UNCITRAL Model Law and governs both international and domestic arbitration proceedings. In addition to unifying procedural rules for international and domestic arbitration proceedings, the New Arbitration Law, last amended in January 2023, implemented the following changes to the previous rules: The…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Colombia continues to be governed by Section Three of…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Argentina continues to be governed by (i) the National…
A. LEGISLATION AND RULES A.1 Institutions, rules and infrastructure In light of the revised law on statutory arbitration clauses that entered into force on 1 January 2023, the Swiss Arbitration Center (SAC) has issued “Supplemental Swiss Rules for Corporate Law Disputes” (“Supplemental Swiss Rules”), supplementing the existing Swiss Rules of International Arbitration (“Swiss Rules”). The Supplemental Swiss Rules apply to all arbitration proceedings that relate to a corporate law dispute and were initiated on or after 1…
A. LEGISLATION AND RULES A.1 Legislation On 13 July 2023, the French National Assembly (Assemblée Nationale) voted in…
A. LEGISLATION AND RULES A.1 Legislation Sections 577 to 618 of the Austrian Code of Civil Procedure (ZPO)…
A. Legislation and rules A.1 Legislation The United States has a federal form of government, and there is, accordingly, arbitration-related legislation at both the federal (national) and state levels. The Federal Arbitration Act (FAA) of 1925 continues to be the controlling federal arbitration statute and reflects a well-established national policy that strongly favors arbitration as an alternate means of dispute resolution. In 2023, the House and Senate introduced four amendments to the FAA, none of…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Thailand continues to be governed by the Arbitration Act,…
A. LEGISLATION AND RULES A.1 Legislation International arbitration in Kyrgyzstan continues to be governed by the Law on…
A. LEGISLATION AND RULES A.1 Legislation Arbitration in Uzbekistan continues to be governed by domestic legislation, as well as by international treaties ratified by Uzbekistan. Uzbekistan is a party to a number of international and regional treaties that relate to arbitration, including the New York Convention and several CIS treaties. Additionally, Uzbekistan is a member state of the ICSID, and investors therefore have the right to seek settlement of disputes within the framework of this…