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Arbitration Tech Toolbox: Emotion AI: A Game-Changer for Efficiency and Due Process in International Arbitration?

Kluwer Arbitration

In international arbitration, parties or arbitrators could consider using emotion AI to enhance efficiency and due process (or to gain a strategic and tactical advantage). Although applications are varied, we will focus on two uses: (1) efficiency through facilitating settlement; and (2) due process through ensuring arbitrator attentiveness.

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DIS Conference 2024: Higher, Faster, Further? Drivers of Innovation in Arbitration

Kluwer Arbitration

The event opened with a keynote speech on handling complex disputes, followed by panels addressing key topics including diversity in arbitrator appointments, efficiency, the integration of AI, and the evolving challenges of disclosure and confidentiality. Streicher added that mediation could also enhance efficiency.

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UNCITRAL Working Group II 78th Session: Seeking the Balance Between Innovation and Due Process

Kluwer Arbitration

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.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Smart public procurement refers to making optimal decisions to minimize waste and enhance the quality, efficiency and sustainability of public spending when purchasing and contracting goods, works and services. Better fiscal balances will contribute to greater macroeconomic stability. What is Smart Public Procurement?

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SCC Arbitration Institute Explores Security for Costs in International Arbitration

Kluwer Arbitration

Security for costs –– a balancing act Following welcome remarks from Caroline Falconer, Secretary General of the SCC, Dr Baltag introduced the topic of security of costs as being one of the timely topics currently addressed in international arbitration. Stockholm University and member of the Board of the SCC.

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AML Whistleblowers Can Play a Key Role in Exposing the Illicit Side of Sports

Whistleblower Network News

Given this, the efficient enforcement of AML laws is a driving force in preventing illicit activities and deceptive practices within professional sports. Thus, the absence of extensive federal legislation has left sports betting largely unregulated at the national level.

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ICCA Hong Kong 2024: Technological Horizons

Kluwer Arbitration

Among those that do use it, they often resort to generative AI to make internal processes such as marketing more efficient. While AI may improve efficiency and consistency in cases, it cannot grasp subjective issues that permeate arbitration. Drawing from his own experience, he noted that AI cannot replace human reasoning.