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Albert Monichino SC, a senior counsel and arbitrator at List A Barristers in Melbourne, considers a recent decision of the High Court of Australia that tackled conflicting case law on the standard of reasons required of an arbitrator in a domestic arbitration context (with potential impact on the Model Law scheme).
Mark Kantor, an independent arbitrator in Washington, DC, says the just-published award in ExxonMobil's ICC dispute with Venezuelan state oil company PDVSA shows a remarkable disparity in what the two sides paid in experts' fees.
In its first Dutch seminar, the ICC Young Arbitrators Forum teamed up with Dutch arbitration boutique Conway & Partners and the Permanent Court of Arbitration for an event to consider the recent revisions of the ICC and UNCITRAL arbitration rules and the IBA rules on evidence. Thabiso van den Bosch of Conway & Partners reports on the event last week.
In an unusual move, the US Supreme Court has simultaneously granted review of, and summarily reversed, a state court’s denial of a motion to compel arbitration. Hagit Elul, partner at Hughes Hubbard & Reed LLP in New York and Los Angeles, says the decision confirms US courts' pro-arbitration stance and signals that they will enforce agreements to arbitrate even where there are parallel court proceedings involving the same dispute.
The new ICC Rules of Arbitration are are now in force, but members of the task force that drafted them continue tirelessly to highlight the changes to lawyers and users in different jurisdictions. Eda Cerrahoglu Balssen and Defne Sirakaya of Cerrahoglu Law Firm in Istanbul report on a recent event in their city.
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