Arbitration basically takes its foundation from a past contract between the involved parties where a specific clause lays down the rules and procedures to be followed during the time of any arbitration proceeding.
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International Arbitration Attorney Network
1. The Leading Legal Network of Independent International Arbitration Law Firms
and Practitioners
2. Having achieved successful outcomes in numerous previous
international commercial, investment and construction arbitrations, the
IAA Network's members provide "great" arbitration legal representation
"at the highest level" in Europe, Africa, the Middle East, Asia and North
America.
3. In addition to empowering arbitration end-users to play a more active
role with respect to their cases, it is hoped that these tools will
contribute to the demystification of arbitration, whose use is likely to
continue to grow over the coming decades, in line with international
transactions between parties of different nationalities.
4. Even in the presence of an agreement containing an arbitration clause,
negotiations or international mediation may be worth considering
unless it is clear that the opposing party is unwilling to negotiate an
end to a dispute on fair terms or in good faith. While arbitration will
result in a final and binding judgment, like any legal dispute a ruling on
the matter will not be instant and, on average, an international
arbitration takes approximately 18 months from the filing of a case
until the rendering of an arbitration award.
5. The international arbitration agreement must be reviewed in detail to
ensure that the arbitration agreement was properly drafted and is
sufficient to establish jurisdiction for your dispute prior to initiating a
case. If the arbitration clause was improperly drafted, the arbitration
clause could be deemed to be “pathological” and may not validly
permit the parties to resolve their dispute via international arbitration.
To avoid this, nearly all leading arbitral institutions provide model
arbitration clauses.
6. After a dispute has arisen, it becomes important to determine the cost
of resolving a given dispute via international arbitration. To assist
clients in estimating the cost of resolution of a dispute via
international arbitration, this website provides the first and only global
arbitration cost calculators to exist, which estimate all expenses
for LCIA, ICC, ICDR and ICSID arbitrations from start to finish,
including the expected cost of legal fees, expert fees and costs related
to the provision of witness evidence.
7. It is then important to select a highly-qualified international arbitration
lawyer with significant prior experience in successfully resolving
international arbitration disputes. The rules of arbitration are very
different than those of litigation, and we provide access to the
arbitration lawyers of the International Arbitration Attorney Network,
the leading international legal network for independent arbitration
practitioners, who are based in Europe, the Americas, Asia, Africa and
the Middle East.
Their track record, client testimonials, profiles and information
concerning their legal fees are also provided.
8. Once lawyers have been selected and funds are in place, it is important
for a party to an international arbitration to select the best international
arbitrator for a given legal dispute. We have therefore provided a
variety of online tools to find international arbitrators who are the best
fit for a given case, and we also provide advice on how to select them.
The members of the IAA Network also serve as arbitrators and may be
worth considering for your case.
9. To ensure a strong case, it is important to research international
arbitration law in detail to ensure that no legal claim or defense is
overlooked, both before and after initiating a legal procedure. A claim
should be thoroughly vetted, in terms of jurisdiction, the merits and
damages.