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Hosted by the International Law Committee
Presented in partnership by the Philadelphia Bar Association and the Bar of Montreal
With an increase in foreign investments, overseas commercial transactions, international trade and open ended economic policies, there has been significant growth in international commercial disputes. Given the need for an efficient dispute resolution mechanism, International Commercial Arbitration has emerged over the past few years as the preferred option for resolving international disputes. The finality of decisions and the possibility of seeking enforcement in other jurisdictions greatly contribute to its popularity. But at what cost?
Experienced panelists examine what drives the choice of international arbitration as a dispute resolution mechanism and answer the following questions, and more, in determining whether international arbitration is the cheaper, better solution for resolving international commercial disputes.
- What are the primary advantages of international arbitration?
- Are there circumstances for which international arbitration is not well adapted to resolve commercial disputes?
- What are the best methods of drafting of arbitration clauses? And how do you identify standard drafting mistakes?
- Should mediation be an alternative to arbitration or a compulsory step prior to arbitration proceedings?
- If arbitration is said to be final and binding, is there no procedural recourse against arbitral awards? (Includes a discussion of spontaneous discharge of the award by the losing party and recognition and enforcement of the arbitral award)
- What can be done to improve the efficiency and cost of international arbitrations?
Join your colleagues to hear a practical overview of international commercial arbitration of interest to both lawyers already practicing in arbitration and lawyers who want to enter this emerging area of the law.