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Arbitration news round-up to 6 July 2016
Practical Law UK Legal Update 7-630-6425 (Approx. 3 pages)
Arbitration news round-up to 6 July 2016
| Published on 06 Jul 2016 • England, International, Wales |
Developments that may be of interest to arbitration practitioners for the week to 6 July 2016.
We report in brief below on other developments that may be of interest to arbitration practitioners:
- In Evrobalt LLC v The Republic of Moldova SCC Case No. 2016/082 (EA), an emergency arbitrator appointed under the emergency arbitrator provisions of the Stockholm Chamber of Commerce (SCC) arbitration rules, has dismissed Russian company, Evrobalt's, application for interim measures. The Republic of Moldova did not participate in the proceedings. Full report to follow.
- In a speech at the London 2016 International and Commercial Law Conference, Lady Justice Arden discussed the role of commercial arbitration in the future of commercial justice with reference to the position in Australia and England and Wales. She noted that recourse to the courts was essential to maintaining the integrity of the arbitral process. She also said the message sent out by the EU's proposal of an investment court is that everyone involved in international arbitration must maintain high professional and ethical standards and work to ensure public confidence in the arbitration system.
- Following suit behind the International Chamber of Commerce (ICC) and the London Court of International Arbitration (LCIA), the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) has now also released gender statistics. The figures show that of the 279 appointments made in 2015, a woman was appointed as arbitrator in almost 27% of cases. The statistics also reveal that:
- where parties appointed an arbitrator, a woman was appointed in 6.5% of cases;
- in one out of ten cases in which appointments were made by fellow arbitrators, a women was appointed (10%);
- a total of 39 female arbitrators were appointed, and 70 % of these appointments were made by the SCC.
- The American Arbitration Association (AAA) has announced that it now provides new services for those considering an alternative to fully-administered arbitration. The AAA’s À La Carte program permits parties to use various stand-alone procedures concerning, for example, arbitrator selection and challenges, review non-AAA awards under the AAA's optional appellate arbitration rules, and judicial settlement conferences.
- The AAA has released its B2B Dispute Resolution 2015 Key Statistics and its 2015 Annual Report. In 2015, total international case filings for the year held steady at 1063, of which 97 involved only non-US parties. The business to business key statistics also reveals that:
- users filed 8,360 new business-to-business cases, including commercial, construction, and executive employment;
- claims and counterclaims made in those arbitrations totaled over $16 billion;
- 26% of cases had a diverse arbitrator (woman or minority) appointed.