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International Articles
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International Articles
 1958 - The "New York" Convention
Although the Convention, adopted by diplomatic conference on 10 June 1958, was prepared by the United Nations prior to the establishment of UNCITRAL, promotion of the Convention is an integral part of the Commission`s programme of work. The Convention is widely recognized as a foundation instrument of international arbitration and requires courts of contracting States to give effect to an agreement to arbitrate when seized of an action in a matter covered by an arbitration agreement and also to recognize and enforce awards made in other States, subject to specific limited exceptions. The Convention entered into force on 7 June 1959.
 

 AIA Arbitration-adr Belgium
The United Nations Conference on Trade and Development (UNCTAD), published in June 2010 in the IIA Issues Note No. 1, presents the latest developments in Investor-State Dispute Settlement. It contains the most significant figures for the last twenty (20) years (1989-2009) and the major jurisprudential developments for the year 2009. Some of the main figures and cases are considered below.
 

 The Indian Arbitrator
IIAM is taking up an ambitious project of setting up Community Mediation Clinics in Indian Villages. As stated by our Chairman, Hon.ble Mr. Justice M.N. Venkatachaliah, this is meant to be an exciting experiment of bringing justice between man and man in a society which is tending more and more towards strife and friction. We are grateful that our initiative of IIAM Community Mediation Service has been endorsed by the International Mediation Institute at the Hague. In this edition of  "The Indian Arbitrator", we have made a request to all public spirited persons and institutions to support us in this initiative of social transition to make our world a safe, sustainable, peaceful and prosperous place to live.

 

 Co-Operation Across the Globe
Arbitration for businesses is in general the most logical of choices to settle disputes and in particular for those companies doing business in other countries. The reasons are quite simple, a. its fast and efficient, b. as opposed to going to court there is very little waiting to set a date for the procedure to take place, c. you are in an informal but very professional setting, and d. the resources required to settle the dispute are known ahead of time for the most part as opposed to going to court which not only takes years to get a judgment but the amount of money spent can never be calculated.
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 International Arbitration
Alternative Dispute Resolution or ADR is becoming more popular with both small and large businesses around the world as the logical choice to settle disputes between themselves and their business partners.
 
International arbitration is the alternative for businesses and individuals to settle their disputes instead of going to a court of law. This fact is becoming more evident as the world has become a global village and companies do more and more of their transactions in foreign countries. The appeal of being able to stipulate the law of the country that will settle the dispute, and how the arbitrator will be chosen and by whom gives the parties to the dispute more control than they would have had they gone to court and a foreign court whose laws may be vastly different form their own.

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