Arbitration Links - Linklaters
  • Year: 2019
  • Month: August

English Commercial Court rejects section 68 application based on inadequate reasons in arbitral award

23 August 2019 Andrew Clark, England & Wales

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In Islamic Republic of Pakistan and Ors v Broadsheet LLC [2019] EWHC 1832 (Comm), the English High Court dismissed an application made under section 68 of the Arbitration Act, 1996 (the “Act”), holding that insufficient reasoning by arbitrators in their award does not amount to a serious irregularity under section 68(2)(c) or (h) of the Act.

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Foreign Arbitral Institutions enter the Russian Arbitration market

12 August 2019 Valeria Romanova, Russia

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As reported in an earlier blog post, significant amendments to the Law on Arbitration came into force in Russia back in September 2016.

One of the key changes brought about by the arbitration reform includes the introduction of a new regime for recognition of arbitral institutions established by various industry associations (those being non-commercial organisations) as “permanent arbitral institutions” (“PAIs”). This process is subject to the forum meeting statutory conditions and receiving an approval from the Russian Government to perform these functions.

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Experts publish “toolkit” to help arbitrators deal with issues of corruption and money laundering

06 August 2019 Adrien Canivet, Asia-Pacific; Europe; Latin America; Middle East; North America

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On 30 May, the University of Basel’s Competence Centre - Arbitration and Crime and the Basel Institute on Governance (a not-for profit organisation) jointly published a toolkit to assist arbitrators dealing with issues or corruption and money laundering. The toolkit is the product of a 2-year consultation process involving regulators, arbitrators, lawyers, forensics, and academics.

It is commonplace to say that arbitrators confronted with allegations or suspicions of economic crime face difficult challenges as they must balance their duties to the parties with public policy rules and lack the investigative powers of the state. The purpose of the toolkit is to help arbitrators address these challenges in a comprehensive manner and find solutions in accordance with applicable laws. This article summarises its key aspects.

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