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Handbook author Ioannis Vassardanis notes that these changes aim “at modernizing the relevant framework to adhere to international standards and contemporary practices, and to promote efficiency of arbitral proceedings in Greece.”
With a mandate to prevent, investigate, and prosecute corruption, one of the Integrity Commission’s core functions is to oversee public procurement. There was huge enthusiasm in the room for developing a user-friendly tool to detect corruption in contracting.
It aims at strengthening the competitiveness of Germany as an arbitral seat, taking into account the 2006 update of the UNCITRAL Model Law (“2006 Model Law”) as well as reforms in neighbouring states, such as Switzerland , Austria and France , while not specifically addressing the ongoing reform process of the English Arbitration Act.
The Supreme Court’s earlier decision from 2006, which had been issued in a family law case, emphasised the voluntary nature of mediation but failed to clarify the binding nature of pre-suit mediation between professional parties.
These included ongoing issues such as poor institutional coordination, lack of transparency, high levels of corruption, and murky lines of accountability. Early reformers in this first revolution were Ethiopia (2005), Ghana (2005), Kenya (2007), Tanzania (2004), Uganda (2003), and Zambia (2006).
of the 2006 amendments to the UNCITRAL Model Law as regards interim measures. His other suggestions included giving the Maritime and Commercial High Court jurisdiction for invalidity questions, and applying option 1 of Article 7 of the 2006 amendments so that it is clear that an arbitration agreement shall be in writing.
The Draft Law is based on the UNCITRAL Model Law on International Commercial Arbitration 1985, as amended in 2006 (“ UNCITRAL Model Law ”). These changes are indeed positive because they increase the independence and cost-efficiency of the arbitration process. 12 and 13).
This post delves into the most significant aspects of the 2024 arbitrateAD arbitration rules (“ Rules ”), including: establishing an independent governing structure to appoint impartial arbitrators, increasing efficiency, and aligning international standards of practice.
The Honourable Wayne Martin AC KC is an arbitrator, mediator, and former Chief Justice of Western Australia (2006-2018). Australia can offer those counter-parties a similar option to that provided by the DIFC courts, including a combination of an arbitral seat and a supportive and efficient judiciary.
This pivotal legislation incorporates the UNCITRAL Model Law on International Commercial Arbitration of 1985 (with amendments as of 2006) and re-introduces the New York Convention, underscoring the country’s alignment with global best practices in dispute resolution.
In this case, the three key principles are good faith, efficiency and due process. Based on the 2006 UNCITRAL Model Law (“Model Law”), the law brings “something new” that goes beyond the Model Law provisions.
It restricts reviews solely to the specific criteria detailed in Section 55, which aligns with Article 34(2) of the 2006 UNCITRAL Model Law and Article V of the New York Convention. This narrow scope empowers courts to efficiently resolve reviews with established arbitration regulations.
As discussed below a recurring theme was the need to find a balance between having model clauses that were, on the one hand, innovative and likely to lead to faster and more efficient resolution of disputes in practice, while, on the other hand, containing sufficient quality and due process safeguards.
For example, Option 1 of Article 7 of the amended UNCITRAL Model Law , the 2006 UNCITRAL Recommendation on the interpretation of Articles II and VII of the NYC, and the works of UNCITRAL Working Group IV. Parties may incline towards efficiency than rigorous due process, with a desire to opt out of due process requirements.
a day—are poorer today than before COVID-19 and deeper in debt than at any time since 2006. A critical finding and recommendation of the World Bank report is to strengthen the transparency and efficiency of public spending and procurement, including through open data and digital procurement reforms. But I disagree.
Handbook author Ioannis Vassardanis notes that these changes aim “at modernizing the relevant framework to adhere to international standards and contemporary practices, and to promote efficiency of arbitral proceedings in Greece.”
Japan and Azerbaijan modernized their national arbitration laws to align with the 2006 UNCITRAL Model Law. Hong Kong In June 2024, the Hong Kong International Arbitration Centre (HKIAC) introduced revised arbitration rules aimed at enhancing procedural efficiency and addressing the evolving needs of users.
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