Partner Ioannis Alexopoulos comments in IBA Global Insight in relation to developments in the international arbitration market.
This article was published in the October/November issue of IBA Global Insight, and can be read in full here.
“Signature Litigation partner, Ioannis Alexopoulos, would like to see a greater willingness by tribunals to help maintain procedural timetables, and to use sanctions for non-compliance with deadlines, as well as greater willingness to deal with weak claims or defences summarily…
… Russia has also introduced reforms to its arbitration law to bring it more in line with UNCITRAL. ‘The new rules introduce significant regulation of arbitration institutions, both domestic and international/foreign,’ says Alexopoulos. ‘Some of these changes have been designed to develop and increase the use of arbitration in domestic disputes, and to regulate an ever-increasing number of local institutions. The new rules, however, also remove certain types of disputes from arbitration, especially disputes involving a public element. The new Russian legislation also requires arbitration institutions to register locally. It remains to be seen whether this will increase or decrease the use of arbitration in Russia.’”
Dec 01, 2020
Dec 01, 2020