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IHL Legal Briefings

If your firm wishes to publish IHL Legal Briefings or articles, please contact Antony Dine on +44 (0) 207 396 9315 or antony.dine@legalease.co.uk

The continued importance of the seat: a look from the perspective of annulment proceedings

October 2016. By LALIVE and Dr. Philipp Habegger

Arbitration is a ‘one-stop’ dispute settlement system. Arbitral awards are final in the sense that they are not subject to appeals or other usual remedies. This finality brings with it the advantage of efficiency, but carries the risk that if arbitrators make mistakes, the parties will have to live with them. In principle, there is no way to rectify a mistaken award. As the only ‘safety net’, modern arbitration laws provide for the very limited remedy aiming at annulment or setting aside of the award. [Continue Reading]

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