Recently, in a decision issued by the Court of Justice of the European Union, in the case of Slovak Republic v. Achmea, intra-EU bilateral investment treaties’ (“BIT”) arbitration clauses were declared to be in violation of governing European Union (“EU”) law and therefore illegal. The court stated “that the arbitration clause in the BIT [between Slovakia and the…
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So, You Think You Can Arbitrate?
By: Aissatou Toure; Articles editor Arbitration is in demand. In 2023 alone, complainants brought 7,554 new cases into arbitration. Before becoming an arbitrator, one must know what arbitration entails; however, arbitration evades easy definition. The World Intellectual Property Organization defines arbitration as: “a procedure in which a dispute is submitted, by agreement of the parties,…
