- March 4, 2019
The arbitration clause, the settlement agreement and the rational businessman
It’s fair to say that the “rational businessman”, as described by Lord Hoffmann in the Fiona Trust case, has been pretty busy over the last few years.
- August 31, 2018
Does arbitration need costs budgeting?
In a recent address at an international arbitration conference in Mauritius, Sir Rupert Jackson, famous for his wide ranging reforms to English civil procedure, invited people to consider the benefits of introducing costs budgeting and costs management into arbitrations, at least for lower value claims.
- March 23, 2018
Daewoo Shipbuilding v Songa: clarification of Catch 22?
In Joseph Heller’s novel, Catch 22, the main character feigns madness in order to avoid dangerous combat missions, but his desire to avoid them is taken to prove his sanity. Whilst not quite causing madness, for a number of years now parties and the courts have been grappling with the problematic inter-relationship between sections 57 and … Continue reading Daewoo Shipbuilding v Songa: clarification of Catch 22? →
- November 29, 2017
Not qualified: the lessons of TonicStar v Allianz
One of the great attractions of arbitration over litigation is that it gives the parties the opportunity to participate in the selection of an arbitrator who will resolve their disputes. The choice of arbitrator can be critical to the outcome, which may be why 38% of respondents to School of International Arbitration at Queen Mary, … Continue reading Not qualified: the lessons of TonicStar v Allianz →
- July 25, 2017
Time and tide: a timely reminder of the time limit for challenging awards
Time and tide, it is said, wait for no man. The recent decision in Rollitt v Ballard certainly highlights the importance of time limits, particularly when it comes to challenging an arbitral award.
- October 3, 2016
Are arbitrators thinking fast or slow?
Surveys conducted by Queen Mary University of London have confirmed that international arbitration remains the preferred method for resolving cross border disputes. One of the key attractions of arbitration is the ability of the parties to participate in the selection of the arbitrators who will determine the issues in dispute and the quality of arbitration … Continue reading Are arbitrators thinking fast or slow? →
- August 3, 2016
Time limits for awards: the danger of deadlines
Cost and delay remain the two areas of greatest concern to parties in arbitration. Data released last year by the London Court of International Arbitration (LCIA) indicated that the median and mean durations of an LCIA arbitration are 16 and 20 months respectively.
- May 27, 2016
The need for speed: why expedited arbitration may not be the answer
One of the worst characteristics of international arbitration (according to the respondents to the 2015 International Arbitration Survey conducted by the School of International Arbitration at Queen Mary University of London (QMUL survey)) is lack of speed. This is a rather worrying finding, given the continuing attempts of most of the major arbitral institutions to … Continue reading The need for speed: why expedited arbitration may not be the answer →
- January 27, 2016
Reducing the cost of arbitration: could cost allocation be the answer?
We all know that legal costs are a significant issue for clients and, whilst arbitration remains an extremely popular form of dispute resolution, “cost” is often seen as one of its worst features.