The predominant system of rules is the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 (the "New York Convention"). The International Centre for the Settlement of Investment Disputes (ICSID) also handles arbitration, but it is particularly focused on investor-state dispute settlement and hears relatively few cases.
The New York Convention was drafted under the auspices of the United Nations and has been ratified by more than 140 countries, including most major countries involved in significant international trade and economic transactions. The New York Convention requires the states that have ratified it to recognize and enforce international arbitration agreements and foreign arbitral awards issued in other contracting states, subject to certain limited exceptions. These provisions of the New York Convention, together with the large number of contracting states, have created an international legal regime that significantly favors the enforcement of international arbitration agreements and awards. It was preceded by the 1927 Convention on the Execution of Foreign Arbitral Awards in Geneva.
- 1 Features
- 2 Agreement details
- 3 Arbitration organizations
- 4 Research and other organizations
- 5 International investment and ICSID
- 6 Interstate arbitration
- 7 See also
- 8 Lectures
- 9 External links
- 10 References
International arbitration allows the parties to avoid local court procedures. International arbitration has different rules than domestic arbitration, and has its own non-country-specific standards of ethical conduct.
The process may be more limited than typical litigation and forms a hybrid between the common law and civil law legal systems. For example, the International Bar Association (IBA)'s Rules on the Taking of Evidence in International Commercial Arbitration, revised in 2010, do not adopt common law broad disclosure procedures (discovery) or follow the civil law in eliminating entirely the ability of engaging in some disclosure-related practices. The IBA Rules blend common and civil systems so that parties may narrowly tailor disclosure to the agreement's particular subject matter.
David Rivkin, who chaired the committee that drafted the rules, has noted that the wide adoption of these rules in international arbitration has led in practice to an unexpected use by common law practitioners to limit disclosure and by civil law practitioners to expand it.
The rules can be further impacted by arbitral rules that may be agreed between the parties.
Most countries, especially in the developed world, are signatories of the New York Convention. Consequently, judgements can be enforced across the world.
In contrast, there is no equivalent treaty for the international recognition of court decisions with a large membership although the Hague Convention of 30 June 2005 on Choice of Court Agreements entered into force in 2015 for the European Union and Mexico. Similarly, no equivalent treaty exists so far for the international recognition of settlements achieved in mediation or conciliation: so far, a meeting of the UNCITRAL Working Group II in New York has taken place in February 2015 subsequent to a US proposal for that working group to develop a convention on the enforcement of conciliated settlement agreements for international commercial disputes. Within the EU, the enforceability of mediation agreements is ruled by Directive 2008/52/EC.
Protection from lawsuits
Under the New York Convention, if a party to arbitration files a lawsuit in breach of an arbitration agreement, the court is obligated to stay the proceedings. Chapter 2 of the Federal Arbitration Act sets forth the statutory basis for an American court to issue a stay in connection with contracts falling within the ambit of the New York Convention.
Under the New York Convention, Article V provides for seven reasons that a court can use to refuse to enforce an arbitration judgment .
A number of essential elements should be included in almost all international arbitration agreements, with model language available. These include the agreement to arbitrate, a definition of the scope of disputes subject to arbitration, the means for selecting the arbitrator(s), a choice of the arbitral seat, and the adoption of institutional or ad hoc arbitration rules. A number of other provisions can also be included in international arbitration clauses, including the language for the conduct of the arbitration, choice of applicable law, arbitrator qualifications, interim relief, costs, and procedural matters.
In order to bridge the gap when parties to an international agreement have difficulty in agreeing upon an arbitral institution, some international arbitration specialists recommend using an arbitration clause that authorizes two arbitral institutions in the same city. Those clauses generally empower the party commencing the arbitration to select the arbitral institution.
A mnemonic device, “BLINC LLC”, reflects some of the most important clauses: broad, law, institutional, number, costs, location language, and carve-out.
Several major international institutions and rule making bodies set out rules and appoint arbitrators. The most significant are the International Chamber of Commerce (ICC), JAMS International, the British Columbia International Commercial Arbitration Centre (BCICAC, Canada), the International Centre for Dispute Resolution (ICDR), the international branch of the American Arbitration Association, the London Court of International Arbitration (LCIA), the Hong Kong International Arbitration Centre, and the Singapore International Arbitration Centre (SIAC). Specialist ADR bodies also exist, such as the World Intellectual Property Organisation (WIPO), which has an arbitration and mediation center and a panel of international neutrals specialising in intellectual property and technology related disputes. 
A number of arbitral institutions have adopted the UNCITRAL Rules for use in international cases. See for example, Australia's adoption of the UNCITRAL Rules in its 6 July 2010 amendment to the 'International Arbitration Act 1974' (Cth).
The most salient feature of the rules of the ICC is its use of the "terms of reference." The "terms of reference" is a summary of the claims and issues in dispute and the particulars of the procedure and is prepared by the tribunal and signed by the parties near the beginning of the proceedings.
In a more recent development, the Swiss Chambers of Commerce of Industry of Basel, Berne, Geneva, Lausanne, Lugano, Neuchâtel and Zurich have adopted a new set of Swiss Rules of Commercial Mediation that are designed to integrate fully with the Swiss Rules of International Arbitration that were previously adopted by these chambers to harmonize international arbitration and mediation proceedings across Switzerland.
Research and other organizations
The International Arbitration Institute, headed by Emmanuel Gaillard, was created in 2001, under the auspices of the Comité français de l’arbitrage (CFA), to promote exchanges and transparency in the international commercial arbitration community.
The Association for International Arbitration a non-profit organisation founded in Paris in 2001 by Johan Billiet which provides information, training and educational activities but does not appoint arbitrators.
International investment and ICSID
The International Centre for the Settlement of Investment Disputes (ICSID) is an ad hoc tribunal established pursuant to UNCITRAL Rules to arbitrate International Investment Agreements and provide foreign investors with a means for redress against states for breaches of contract. The ICSID was designed so that it cannot be reviewed by domestic courts which in theory makes it more enforceable. However, state immunity to lawsuits and judgments poses a barrier to collection.
The legal protection of foreign direct investment is guaranteed by a network of more than 2750 Bilateral Investment Treaties (BITs), Multilateral Investment Treaties, most notably the Energy Charter Treaty and a number of free trade agreements containing chapter on investment protection through investor-state dispute settlement, such as NAFTA. The overall number of cases concluded reached 244. Of them, approximately 42% were decided in favour of the state and approximately 31% in favour of the investor. Approximately 27% of the cases were settled.
Arbitration has been used for centuries, including in antiquity, for the resolution of disputes between states and state-like entities. After a period of relative disuse, Jay's Treaty between the United States and Great Britain revived international arbitration as a means of resolving interstate disputes. The 1899 and 1907 Hague Conferences addressed arbitration as a mechanism for resolving state-to-state disputes, leading to the adoption of the Hague Conventions for the Pacific Settlement of International Disputes. The Conventions established the Permanent Court of Arbitration and a rudimentary institutional framework for international arbitration of interstate disputes. In recent years, international arbitration has been used to resolve a number of disputes between states or state-like entities, including Eritrea v. Yemen, the Abyei Arbitration, the OSPAR Arbitration, and the Iron Rhine Arbitration.
- Charles C. Adams, Jr.
- Arbitration award
- Jean-Paul Beraudo
- Gary Born
- Johan Billiet
- Geneva Master in International Dispute Settlement (MIDS)
- International Bar Association
- International Chamber of Commerce
- Albert Jan van den Berg
- London Court of International Arbitration
- Jan Paulsson
- Permanent Court of Arbitration
- United Nations Commission on International Trade Law
- Siegfried H. Elsing
- Lecture by Georges Abi-Saab entitled The International Judicial Function in the Lecture Series of the United Nations Audiovisual Library of International Law
- Lecture by Stephen M. Schwebel entitled The Merits (and Demerits) of International Adjudication and Arbitration in the Lecture Series of the United Nations Audiovisual Library of International Law
|Wikisource has the text of a 1920 Encyclopedia Americana article about International arbitration.|
International Arbitration Educational Programs
- Stockholm University, Master of International Commercial Arbitration Law
- European Mediation Training for Practitioners of Justice - EMTPJ
- University of Miami School of Law LL.M. International Arbitration
- School of International Arbitration, Queen Mary, University of London
- Arbitration Academy / Académie de l'Arbitrage, Summer Courses in Paris
- Master Arbitrage et Commerce International, University of Versailles
- Straus Institute for Dispute Resolution at the Pepperdine University School of Law
International Arbitration Resources
- Straus Institute for Dispute Resolution at Pepperdine University School of Law
- International Arbitration Institute (IAI)
- The Association for International Arbitration (AIA)
- S.I. Strong, International Commercial Arbitration: A Guide for U.S. Judges, Federal Judicial Center, December 2012, 152 pp.
- International Commercial Arbitration Resources
- E. Gaillard, Legal Theory of International Arbitration, Martinus Nijhoff Publishers, May 2010, 202 pp.
- International Arbitration Search Engine
- Fouchard Gaillard Goldman On International Commercial Arbitration, Kluwer, 1999 (and its French edition, Traité de l’arbitrage commercial international, Litec 1996)
- CMS Guide to Arbitration (a summary of international arbitration law in 32 jurisdictions)
- International Arbitration Books
- CMS Guide to Arbitration: Resources and Materials (common arbitration rules and references)
- Gary B. Born, International Commercial Arbitration, 187, 197, 217 (2009); Julian M. Lew, Loukas A. Mistelis & Stefan M. Kröll, Comparative International Commercial Arbitration 1-10 to 1-11, 6-1 to 6-6 (2003)
- Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 (the “New York Convention”), June 10, 1958, http://www.uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention.html
- Jason Fry, Recognition And Enforcement Of Foreign Arbitral Awards: A Global Commentary On The New York Convention Foreword (Herbert Kronke, Patricia Nacimiento, Dirk Otto & Nicola Christine Port eds., 2010)
- New York Convention, arts. II, III & V, June 10, 1958, http://www.uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention.html; Fouchard Gaillard Goldman On International Commercial Arbitration ¶¶ 250-252 (Emmanuel Gaillard & John Savage eds., 1999)
- Gary B. Born, International Arbitration and Forum Selection Agreements: Drafting and Enforcing 10-11, 123-124 (3rd ed. 2010)
- Yves Dezalay & Bryant G. Garth, Dealing In Virtue: International Commercial Arbitration And The Construction Of A Transnational Legal Order 9-10, 124, 198 (1996)
- Sachs, Klaus. "CMS Guide to Arbitration: Foreword". CMS Legal. Retrieved 1 May 2012.
- Lorraine Brennan: Do We Need a New York Convention for Mediation/Conciliation?, Mediate.com, February 2015
- "Guide to Arbitration in New York" (PDF). CMS Legal. Retrieved 8 May 2012.
- ""Enforcement of Arbitral Awards under the New York Convention - Practic" by Joseph T. McLaughlin and Laurie Genevro". scholarship.law.berkeley.edu. Retrieved 2016-03-21.
- IBA Guidelines for Drafting International Arbitration Clauses, http://www.ibanet.org/LPD/Dispute_Resolution_Section/Arbitration/Default.aspx; Gary B. Born, International Arbitration And Forum Selection Agreements: Drafting And Enforcing (3d ed. 2010); Paul D. Friedland, Arbitration Clauses For International Contracts (2nd ed. 2007)
- G. Born, International Arbitration And Forum Selection Agreements: Drafting And Enforcing 38 (3d ed. 2010); Paul D. Friedland, Clauses For International Contracts 61-69 (2nd ed. 2007)
- See Eric Sherby, “A Different Type of International Arbitration Clause,” Int’l Law News (American Bar Association) Winter 2005 at 10.
- See http://www.abanet.org/buslaw/blt/content/articles/2010/09/0001.shtml
- Barin, Babak; Little, Andrew; Pepper, Randy (2006). The Osler Guide to Commercial Arbitration in Canada. The Netherlands: Kluwer Law International. p. 34. ISBN 90-411-2428-4.
- "State Immunity from Execution in the Collection of Awards Rendered in International Investment Arbitration: the Achilles’ Heel of the Investor – State Arbitration System?". www.academia.edu. Retrieved 2016-03-21.
- (PDF) http://unctad.org/en/PublicationsLibrary/webdiaepcb2013d3_en.pdf. Missing or empty
- Jackson H. Ralston, International Arbitration From Athens To Locarno 153-154; John L. Simpson & Hazel Fox, International Arbitration: Law And Practice 1 (1959)
- Shabtai Rosenne, The Hague Peace Conferences Of 1899 And 1907 and International Arbitration: Reports and Documents xxi (2001); Alan Redfern, Martin H. Hunter, Nigel Blackaby & Constantine Partasides, Redfern And Hunter On International Arbitration 1.197 (2009)
- Eritrea v. Yemen (Perm. Ct. Arb. 1999), http://www.pca-cpa.org/showpage.asp?pag_id=1160
- Abyei Arbitration (The Government of Sudan v. The Sudan People’s Liberation Movement /Army) (Perm. Ct. Arb. 2009), http://www.pca-cpa.org/showpage.asp?pag_id=1306
- OSPAR Arbitration (Ireland v. United Kingdom) (Perm. Ct. Arb. 2003), http://www.pca-cpa.org/showpage.asp?pag_id=1158
- Iron Rhine Arbitration (Belgium v. Netherlands) (Perm. Ct. Arb. 2005), http://www.pca-cpa.org/showpage.asp?pag_id=1155