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This option is designed to provide an overview of the law and practice of international arbitration as the main means of settling international commercial disputes. The seminar-based course is taught comparatively with reference to various national laws, the UNCITRAL arbitration rules, the rules of the leading arbitration institutions (including American Arbitration Association, International Chamber of Commerce, London Court of International Arbitration, and International Centre for Settlement of Investment Disputes), and the major international instruments relevant to international arbitration.
The growth of international commercial transactions has been accompanied, over the last four decades, by the increased use of arbitration to settle disputes. Thereby, greatly expanding its scope from the more traditional sectors such as shipping, commodities and insurance. Since 1998 more than 4,500 ADR and arbitration cases were recorded annually in London alone. This course examines the jurisprudential basis and practices of international commercial arbitration, covering both past and current developments. Since its introduction in 1984-85, the course has attracted a wide range of students from civil, common and Islamic law backgrounds from more than 100 jurisdictions across the world. This spread of experience and background has contributed to a lively interchange of contributions from the class to enhance the international and comparative approach to the topic: At the same time the growing globalisation and harmonisation receives due emphasis.
The course particularly focuses on
- institutional, regulatory and conceptual framework of international arbitration, including theories about juridical nature and the "constitutional" position and human rights implications of arbitration
- law and practice relating to arbitration agreements
- jurisdictional bases for the authority of arbitration tribunals
- selection, appointment, challenge and removal of arbitrators
- the relation of arbitration to national courts
- rules and laws governing the arbitration
- rules and laws governing the substance of the dispute
- provisional and protective measures in the context of arbitration
- arbitration procedure
- taking of evidence in the context of arbitral proceedings
- multi-party and multi-contract arbitrations
- form and content of arbitration award
- challenges to arbitration award
- recognition and enforcement of arbitration awards and
- arbitration with state participation
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