Choosing The ‘Right' Arbitration Institution—Guidance For Businesses On Costs

Arbitration analysis: Pelin Baysal and Bilge Kağan Çevik of Turkish law firm Gün + Partners discuss the relevance of costs when concluding an arbitration agreement where the parties have settled on institutional rather than ad hoc arbitration.

Pre-nups and arbitration agreements

A metaphor used by Prof Dr. Loukas Mistelis suggested that arbitration agreements may be likened to prenuptial agreements made at the start of a relationship, with a possible exit strategy in case things go wrong. However, just like people in relationships, businesses—generally—only reluctantly consider the possibility of things not working out as planned. This is especially when they are in the process of getting to know each other, ie during contract negotiations.