Although including an international arbitration clause in a smart contract is likely a no-brainer for many disputes attorneys, experts say it's important for parties to a smart contract to be aware of the problems — and potentially revolutionary solutions — that may arise through the use of such clauses.
The director of the National University of Singapore’s Centre for International Law was tapped to serve as a vice president of the Singapore International Arbitration Center’s Court of Arbitration, the institution said Tuesday, highlighting her more than 35 years of experience handling investment treaty and commercial arbitrations.
A Canadian mining company seeking to collect on a recently confirmed $1.37 billion arbitration award against Venezuela asked a Texas federal judge on Monday to hold oil companies that allegedly helped the county relocate its assets when creditors came knocking responsible for fraud.
The Republic of Ecuador urged a D.C. federal court Monday to deny a Canadian miner’s petition to confirm a $24.4 million arbitral award over the seizure of two of the company's mines, claiming the miner violated Ecuadorean law and therefore an investment treaty with Canada does not govern the dispute.
A new arbitration court dedicated to resolving legal disputes over art will launch next month as an alternative to traditional litigation where marketplace doubt on ownership and authenticity sometimes lingers even after a verdict, lawyers said Monday.
The Delhi High Court on Monday said British telecom company Vodafone could continue two international arbitrations against India over billions in taxes allegedly owed as a result of the mobile phone operator's $11 billion acquisition of an Indian cellphone business, finding it did not have jurisdiction to dismiss the proceedings and that the merits of the case were best handled by the individual tribunals.
A Florida federal judge on Monday sent a $1.2 million dispute between Prada and a goods shipper to arbitration in Milan, saying the court has no choice in the face of a clearly worded arbitration clause in the parties' agreement for alligator eggs and hatchlings.
A Singapore-based offshore marine services provider said Monday it has launched an arbitration claim against Mexico over a soured charter agreement for vessels that were used by Petróleos Mexicanos, the country's state-owned oil company.
The Republic of Kosovo has defeated a German investment firm’s €380 million ($453.2 million) claim relating to a failed privatization attempt of the southeast European nation’s postal and communication authority, after an international tribunal concluded the firm had not made a qualifying investment.
They’ve gone up against big-name companies while advocating for plaintiffs ranging from grieving family members to shareholders and consumers in some of the biggest and most well-known cases of the past year.
Countries reviewing the United Nations framework for settling investor-state disputes say the current system is inconsistent and possesses inadequate tools for reviewing contested arbitration awards, according to a new report.
South Africa’s top athletics body says it will challenge recently introduced international regulations that would force female athletes whose testosterone levels exceed a certain amount to compete in male events unless they lower their levels of the hormone.
Arbitrators have dismissed a $14.5 million claim brought by a German solar investor who had accused the Czech Republic of expropriating its investment in violation of an international treaty, the country's finance ministry said Wednesday.
Less than 4 percent of challenges to an English-seated arbitral award that have been brought before courts in England under two provisions of its Arbitration Act over the last three years have succeeded, according to recently released statistics.
The Third Circuit on Thursday barred a Swiss commodities trader from targeting the co-owner of a New Jersey chemical company to enforce a more than $925,000 arbitral award stemming from a dispute over a joint venture, affirming that he had never agreed to personally guarantee his company's debts.
The International Olympic Committee said Thursday that it will challenge a sports court's decision to strike down its lifetime ban on 28 Russian athletes accused of doping who were banned just before the Olympics in Pyeongchang, South Korea.
A draft protocol that aims to help parties protect sensitive information in international arbitration from cyberattacks could be just what's needed to prod them into dealing with "one of the defining challenges of our time” before it’s too late, experts say.
The English High Court on Thursday dealt a blow to a Ukrainian businessman's efforts to upend a $760 million arbitration award issued against his company over its purchase of Ukraine's public telecom provider, finding that the company should have told arbitrators when a local court was likely to decide whether the seller first breached the contract.
A Nigerian state-owned oil company facing a suit from subsidiaries of Exxon Mobil and Shell to enforce a $1.8 billion arbitration award asked a New York federal judge Wednesday for more time to produce documents that would show if the company is an alter ego of the Nigerian government.
The U.K. government must quickly propose a mechanism for dispute resolution and enforcement after Brexit to deal with disagreements over subjects such as cross-border financial payments, members of the Upper House of Parliament said Thursday.
To many young attorneys, becoming an equity partner shows a firm's long-term commitment, meaning job security and a voice in important firm matters. However, the industry has changed and nowadays it may not be better to enter a new firm as an equity partner, says Jeffrey Liebster of Major Lindsey & Africa.
In his new book, "Without Precedent: Chief Justice John Marshall and His Times," professor Joel Richard Paul ably explains more than a dozen of Marshall’s most significant opinions, which comes as no surprise. What is a surprise — a pleasant one — is the book's readability, says Judge Thomas Hardiman of the Third Circuit.
For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.
Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.
Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.
Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.
Alternative dispute resolution is one of the best ways to resolve disputes involving patents, copyright, trademark, trade secrets and other intellectual property issues. While not every situation lends itself to ADR, it is more accessible than many parties assume, says Jerry Cohen of Burns & Levinson LLP.
Though still in its relative infancy, 2018 is shaping up to be a year of arbitral institution rule updates. Neil Newing and Ryan Cable of Signature Litigation LLP explore some of the more innovative and trending rule changes expected or predicted this year.
The recent ruling in Bridgestone Licensing Services v. Republic of Panama by an ICSID tribunal has implications for owners and licensees of IP rights, particularly with respect to the protections they can expect for their trademarks under investment treaties, according to attorneys with Cleary Gottlieb Steen & Hamilton LLP.
There's no reason for limiting unbundled legal services to family law or even pro se litigants. Wider adoption, especially by litigators, presents an opportunity to correct law's distribution and pricing problem, to make justice practically available to all, and to dethrone litigation as the "sport of kings," says New York-based trial lawyer David Wallace.