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What has long been standard market practice in many jurisdictions is becoming more and more mainstream in Germany, too: compensating counsel in arbitration cases on an hourly basis, and being entitled to have the defeated party pay for it.
The post Hourly rates becoming more and more mainstream in German arbitration appeared first on OUPblog.
One of the reasons why parties choose arbitration is its time-efficiency. This is mainly due to the fact that the arbitral award decides the dispute in a final and binding manner and is subject to no appeal. Although time-efficiency belongs to the traditional advantages of arbitration, the users of arbitration have over the last years significantly increased the pressure to control time (and cost) in arbitration.
The post Post-award remedies before the arbitral tribunal: a neglected means of streamlining arbitration appeared first on OUPblog.
Should investment disputes be solved by a permanent court or by arbitral tribunals? This is one of the key questions that might kill the efforts for what would be the largest regional free-trade agreement in history, covering 46% of world GDP: the Transatlantic Trade and Investment Partnership (TTIP).
The post From ad hoc arbitral tribunals to permanent courts: three examples appeared first on OUPblog.