Hosts
HFW and Quadrant Chambers
What this session will cover
This session will look at whether the transparency and efficiency gained by the provision of greater arbitrator and Institutional powers is worth the erosion of party autonomy; once supreme in International Arbitration.
Two major international arbitration Institutions, have recently updated their rules to extend the power of arbitrators to areas previously confined to the agreement of the parties. One such area, is concerned with enabling the tribunal to overrule the parties agreed approach (as supported by the New York Convention) and instead appoint the tribunal itself in order to avoid a “significant risk of unequal treatment and unfairness”, is this welcomed by the arbitration community?
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