International arbitration News, analytics and practice

9May/140

Best Practices for the Appointment and Use of Arbitral Secretaries

When used properly, arbitral secretaries can support arbitral tribunals in performing their mandate with greater efficiency and effectiveness.
Given the potential benefits in efficiency and cost savings that an arbitral secretary can bring to the arbitral process, the Young ICCA Task Force on the Appointment and Use of Arbitral Secretaries was formed to examine the use of arbitral secretaries and advance a more transparent and robust approach to the role of secretaries in arbitration.

ICCA Arbitration Best Practices for the Appointment and Use of Arbitral Secretaries

27Jan/10Off

Stereotypes of international arbitration. Stereotype No 1. Speed and economy

This post opens the set of short comments concerning the most common stereotypes related to the advantages and disadvantages of international arbitration as well as other myths related to international arbitration.

Stereotype No 1. Speed and economy

“Arbitration is faster and less expensive than litigation in the courts. Although a complex international dispute may sometimes take a great deal of time and money to resolve, even by arbitration, the limited scope for challenge against arbitral awards, as compared with court judgements, offers a clear advantage. Above all, it helps to ensure that the parties will not subsequently be entangled in a prolonged and costly series of appeals. Furthermore, arbitration offers the parties the flexibility to set up proceedings that can be conducted as quickly and economically as the circumstances allow. In this way, a multi-million dollar ICC arbitration was once completed in just over two months.”

ICC International Court of Arbitration

“Introduction to arbitration. Advantages of arbitration”

speed Stereotypes of international arbitration. Stereotype No 1. Speed and economy