Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van...
-
Upload
sabrina-dixon -
Category
Documents
-
view
213 -
download
0
Transcript of Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van...
![Page 1: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/1.jpg)
Arbitration, obviously. Or is it?Hanenburg-Yntema Fonds – Leuven - 14 March 2012
Prof Geert Van CalsterLeuven law [email protected]
![Page 2: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/2.jpg)
Overview of Presentation
• Intro – what’s in a name• Arbitration, obviously.• Or is it?• Conclusion
![Page 3: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/3.jpg)
‘ADR’ and arbitration
![Page 4: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/4.jpg)
ADR and arbitration
‘Alternative’: ie alternative to ‘litigation’ i.e. the courtsA‘DR’: various methods:
- Mediation (with neutral third party)- Arbitration (with neutral third party)- Negotiation (without neutral third party)- ‘Collaborative law’ (with a larger group of
professionals) (mostly confined to family law; quid insolvency…?)
![Page 5: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/5.jpg)
‘Arbitration’• Not new: see already the 1958 New York
Convention on the recognition and enforcement of foreign arbitral awards
• Two broad categories: – ‘Investor-State arbitration’, a better name for
which is Investor-State dispute settlement: the novelty lies in standing under international law, rather than in the ‘arbitration’ element
– ‘Commercial’ arbitration, whether international or national
![Page 6: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/6.jpg)
‘Arbitration’
• Both categories are subject to criticism
• Today’s focus: commercial arbitration • Advantages of arbitration now
seemingly so obvious that arbitration clauses are included matter of factly in nearly all contracts of a decent size
![Page 7: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/7.jpg)
Arbitration, obviously.• Choice galore:
• Choose your arbitrators (know-how and experience; but also character and MO)
• Choose your law• Choose your procedure, which on the
whole can be more flexible than in litigation (but see: standardised rules of ICSID etc)
![Page 8: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/8.jpg)
Arbitration, obviously.
• Speed: Belgian and Italian torpedos not possible • Especially for jurisidictions with trial by jury, and
with punitive damages: decreased likelihood that the findings will be ‘over the top’
• ‘Equity’ or fairness: the ‘good’ arbitrator (see choice, above) will tend not to let the case be determined by technicality, or obsession with detail, but rather with a ‘fair’ outcome given the spirit of the contract
• ! The private character of the proceedings (idem of course for investor /State)
![Page 9: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/9.jpg)
Or is it?
![Page 10: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/10.jpg)
Or is it?
Choice of arbitrators: Independence and impartialityThe Solomon effect Cost? Not necessarily lower, especially with three-arbitrator panel
![Page 11: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/11.jpg)
Or is it?
Speed? But very limited rights for appeal Speed? But lack of formality might mean quite the oppositeSpeed? But if you do appeal, you may find yourself involved in even lengthier legal battles than those you wanted to avoid.Speed? But enforcement abroad may be an issueSee in this respect also the West Tankers issue (case details on gavclaw.blog)
![Page 12: Arbitration, obviously. Or is it? Hanenburg-Yntema Fonds – Leuven - 14 March 2012 Prof Geert Van Calster Leuven law gavc@law.kuleuven.be.](https://reader035.fdocuments.us/reader035/viewer/2022062805/5697bfd91a28abf838caf5d5/html5/thumbnails/12.jpg)
Arbitration, obviously. Or is it?Hanenburg-Yntema Fonds – Leuven - 14 March 2012
Prof Geert Van CalsterLeuven law [email protected]