In 2013, China’s President, Xi Jinping, announced the “New Silk Road,” which would be the largest infrastructure development from East Asia to Europe. It was later coined as the Belt and Road Initiative (BRI). The Belt and Road would consist of not only physical infrastructure but also fifty special economic zones. To date, roughly 60…
Category: Arbitration Rules
The WTO’s Dispute Settlement Crisis
“The World Trade Organization is in crisis” is a statement that has practically become the new WTO motto. This particular global organization is comprised of 164 member states and was created on January 1, 1995. The provisional agreement and organization, the General Agreement on Tariffs and Trade (GATT) preceded the creation of the WTO. While…
Arbitration in the United Kingdom after Brexit: For Better or For Worse?
The United Kingdom has been working to officially remove itself from the European Union since 2017, in an ongoing political effort commonly known as “Brexit.” This separation arises from several goals, including granting the United Kingdom the ability to act more freely in its legal system and overall lawmaking. What impact will this have on…
La Convención de la Haya sobre Ejecución de 2019 y el efecto en la selección del arbitraje internacional como método de resolución de conflictos
Editor’s Note: This piece is part of our on-going Spanish-publication series. English Language Summary: On 2 July 2019, the delegates of the 22nd Diplomatic Session of the Hague Conference on Private International Law signed the Final Act of, and thus adopted, the 2019 Convention on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial…
Las Reglas De Praga y la Eficiencia de los Procedimientos
English Language Summary: Traditionally, international arbitration proceedings have been conducted under the influence of the common law and its adversarial system. Some factors identified as contributing to the increasing cost of arbitration proceedings include document production, fact witnesses and party-appointed experts. As a solution, a group of arbitration practitioners from civil law countries drafted The…
