Category: Arbitration – Clauses & Drafting
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What Is an Arbitration Clause? Common Clauses Explained + Examples
Most commercial contracts contain a dispute resolution clause, and in many cross-border agreements, that clause provides for arbitration. An arbitration clause is one of the most important provisions in any contract, yet it is also one of the most frequently overlooked by parties who are not legally trained. This article explains what an arbitration clause…
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Guidelines to Drafting International Arbitration Clauses
Hastily incorporated arbitration agreements can prove counterproductive, amplifying the time, cost, and intricacy involved in resolving disputes. However, a well-crafted arbitration agreement holds the potential to mitigate these risks. The foundation of any arbitration agreement lies in the mutual consent of all parties involved, selecting arbitration as the preferred means of dispute resolution over state…
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Strategic Considerations: Determining the Number of Arbitrators and Structuring Your Arbitration Clause
In today’s complex legal landscape, the benefits of arbitration over traditional forms of dispute resolution like litigation have become increasingly apparent. Among the numerous advantages it offers, one stands out as paramount: the freedom for parties to handpick a neutral decision maker which they both trust implicitly. This individual holds the key to delivering a…
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SIAC Model Arbitration Clause: What You Need To Know
The Singapore International Arbitration Centre (SIAC) has established itself as a prominent player in the field of arbitration institutions. It is ranked as the most popular seat in Asia and the second most popular globally, according to a 2021 survey by Queen Mary University of London. SIAC’s caseload has also been consistently increasing, with 469…
