Practical Law

In Daesang Corp v The NutraSweet Co, a Commercial Division Justice (a court of first instance) in New York applied the controversial “manifest disregard of the law” standard to partially vacate an international arbitration award under the Federal Arbitration Act (FAA) granting damages to the seller of an aspartame (artificial sweetener) business to The NutraSweet … Continue reading New York Commercial Division Justice partially vacates ICC arbitration award in dispute over the sale of an aspartame business →

The usual practice in international arbitration is for each party to appoint an arbitrator, and then for the two party-appointed arbitrators to appoint the chair or president of the tribunal. Some have criticised this approach as creating a “moral hazard” in which party-appointed arbitrators may be inclined to rule for the party that appointed them. … Continue reading International Institute for Conflict Prevention & Resolution (CPR) suggests innovative way to appoint arbitrators →