Third-Party Funding in International Arbitration: A Game-Changer?
International arbitration can be a costly affair, and it is not uncommon for parties to look for alternative means of financing their claims. Third-party funding (TPF) is one such means, which allows a non-party to fund an arbitration in exchange for a share of the award or settlement. The use of TPF...
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Resolving Cross-Border Disputes with International Arbitration
International arbitration serves as an effective means of resolving disputes arising from cross-border transactions. By opting for arbitration, parties can benefit from a neutral forum, and enforceable orders. Typically, parties agree to arbitration by including a clause in their commercial agreements or through a submission agreement after a dispute arises.
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Understanding ICSID: Settlement & Investment DisputesTransnational Law: A Comprehensive Guide for Businesses and Individuals
In today's world, businesses and individuals increasingly find themselves involved in cross-border transactions and disputes. As international trade, investment, and communication continue to grow, so does the need for a solid understanding of the laws that govern these complex interactions. Transnational law, a critical framework for managing legal relationships...
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Political Risk Insurance: Safeguarding Investments with MIGA
Investing in foreign lands can be a rewarding business venture but poses several risks. One of them is the risk of political upheaval, which can significantly affect your investments. Political instability, war, and expropriation are just some of the risks that foreign investors may face. This is where MIGA comes in. MIGA,...
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What is Space Arbitration and Which Tribunal to Choose?
Space technology is advancing, and as more people commercialize space, we can expect disputes to arise over the use of space resources. It is also expected that disputes over the ownership of space assets, satellite operations, space tourism, and other space-related activities will skyrocket. When such disputes arise, there is a need...
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International Chamber of Commerce vs American Arbitration Association: Key Differences and Areas of Expertise
When it comes to resolving disputes, businesses often prefer arbitration over the courtroom. It’s faster, more efficient, and more flexible than traditional litigation, allowing parties to have more control over the outcome. Two of the best-known arbitral institutions in the world are the International Chamber of Commerce (ICC) and the American Arbitration...
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A Comprehensive Comparison of the International Court of Justice and the Permanent Court of Arbitration
International disputes are inevitable, but what sets nations and organizations apart is how they resolve them. The International Court of Justice (ICJ) and the Permanent Court of Arbitration (PCA) are two of the most prominent entities responsible for settling international disputes. Both organizations have been in existence for over a century and...
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Dealing with Arbitration Notice in a Cross Border Dispute
If you've ever been involved in a dispute across international borders, then you're probably familiar with the concept of arbitration. Arbitration is a form of dispute resolution that involves an independent third party making a binding decision based on the evidence presented by both parties. When you receive a notice for arbitration,...
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ICSID Rules on Mediation and Expedited Arbitration
When it comes to international investment arbitration, the International Centre for Settlement of Investment Disputes (ICSID) is one of the most recognized institutions worldwide. Its rules on mediation and expedited arbitration have been gaining popularity lately for being quick and cost-effective mechanisms to resolve disputes. However, not everyone is aware of how...
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Cross-Border Arbitration in Aerospace Engineering: Advantages and Challenges
Aerospace engineering is a fast-growing industry that involves designing and testing aircraft, spacecraft, and other flying vehicles. With technological advancements and increasing international trade, companies in this industry often find themselves dealing with cross-border disputes that require legal intervention. This is where cross-border arbitration comes in. In this blog post, we dive...
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