One of the most notable reforms is the new default rule that, in the absence of an express agreement between the parties on the law governing the arbitration agreement, it is the law of the seat that applies. The Act states...more
The English Court of Appeal has rejected Spain’s and Zimbabwe’s appeals against orders registering arbitration awards made against them pursuant to the Convention on the Settlement of Investment Disputes between States and...more
Reminding us of the importance of the literal meaning of the words, the Court of Appeal interpreted the phrase “any other rate” in a pension increases rule to mean simply “any other rate, whether higher or lower”. It...more