Arbitration news round-up to 29 June 2016 | Practical Law

Arbitration news round-up to 29 June 2016 | Practical Law

Developments that may be of interest to arbitration practitioners for the week to 29 June 2016.

Arbitration news round-up to 29 June 2016

Practical Law UK Legal Update 8-630-3493 (Approx. 3 pages)

Arbitration news round-up to 29 June 2016

Published on 29 Jun 2016England, International, Wales
Developments that may be of interest to arbitration practitioners for the week to 29 June 2016.
We report in brief below on other developments that may be of interest to arbitration practitioners:
  • On 24 June 2016, following the referendum result for the UK to leave the EU, both the London Court of International Arbitration (LCIA) and the Chartered Institute of the Arbitrators (CIArb) issued statements confirming that the outcome of referendum will not affect the workings of both institutions who will continue to administer and manage arbitrations and ADR cases as usual. For further discussion on the implications of Brexit, see Article, The potential consequences of Brexit on arbitration.
  • UNCITRAL meeting in New York for its 49th session commenced on 27 June and will go on until 15 July 2016. At this session, UNCITRAL will consider the adoption of revised UNCITRAL Notes on Organizing Arbitral Proceedings (which have been updated by the Working Group II, see Tracker, UNCITRAL Working Group II), proposals for the future work on concurrent proceedings and the ethics of arbitrators. A report will also be presented on whether the UN Transparency Convention (see Legal update, Mauritius ratifies transparency convention) could be used as a model for further reforms of investor-state dispute settlement.
  • UNCTAD has published a new database providing information on, and links to, approximately 1500 bilateral investment treaties (BITS). The database is the result of the IIA Mapping Project, a collaborative initiative between UNCTAD and universities worldwide.