Balancing speed and quality – while controlling costs – is the central ambition of arbitral institutions. In an interactive discussion Stefano Azzali (CAM), Alice Fremuth-Wolf (VIAC), Annette Magnusson (SCC) and Francesca Mazza (DIS) shared their experiences on how to balance speed and quality in arbitral proceedings administered under their rules. A look behind the scenes showed how these four leading institutions are dealing with this challenge in times of the Covid-19 pandemic, which places particular demands on all stakeholders in the arbitral process.
Enjoy listening to the recording of the seminar!
As already announced, with a heavy heart we had to cancel the GAR Live Vienna Event that was to take place on October 9, 2020 due to the pandemic. This video-message by the 3 co-chairs Stefan Riegler, Filip Boras and Alice Fremuth-Wolf will hopefully give you some hope and an outlook of what to expect in 2021.
Commonwealth countries are at risk of losing foreign investment and trade from not having modern dispute resolution systems available to their business communities.
This is one of the key messages from a major study on international commercial arbitration in the Commonwealth which has recently been published.
The Singapore Convention on Mediation, signed on 7 August, 2019, entered into force on 12 September, 2020, launching a new era for international mediation.
The Singapore Agreement is a uniform and efficient framework for international settlements resulting from mediation. It facilitates international trade and commerce by enabling the disputing parties to easily enforce and invoke settlement agreements across borders. As such, the Convention provides greater assurance to businesses that mediation can be relied on and encourages companies to use mediation as an additional option to litigation and arbitration.
On 18 June 2019, the Council for the Development of the Arbitration Process of the Ministry of Justice of the Russian Federation recommended granting VIAC the status of a PAI (“permanent arbitration institution”) under Russia’s Federal Law on Arbitration dated 29 December 2015. As of 11 July 2019, VIAC is now officially included in the list of foreign arbitral institutions recognized as a PAI (as per order No. 845-r issued on 4 July 2019). We are the first European arbitral institution to have received a government permit. This registration is crucial in order to ensure enforcement of VIAC awards also in the future in the Russian Federation.
Page 1 of 2