| Synopsis: |
This volume continues to report on current developments in the field of international commercial arbitration. The yearbook has maintained its original format and continues to publish arbitral awards, both constitutional and ad hoc, new and amended rules of arbitral institutions, and accounts of current developments in the law and practice of commercial arbitration worldwide. The Yearbook also includes broad coverage of court decisions applying the UNCITRAL Model Law in International Commercial Arbitration, as well as the major multilateral arbitration conventions: the 1958 New York Convention, the 1961 European Convention, and the 1965 Washington Convention. Part II - A: Arbitral Awards, which is supplemented by a subject index, contains ICSID, ICC and maritime awards that range from topical issues such as the effects of the 1993 boycott of Kuwaiti and Iraqi oil products to classical questions arising in arbitration, such as the application by arbitrators of Conventions and mandatory law regarding issues of public policy.Also included are awards of the Iran-US Claims Tribunal dealing with issues of general interest, such as expropriation, valuation, and standard of compensation, breach of contract and force majeure as well as procedural questions arising form the UNCITRAL rules as applied by the Tribunal. The 47 court decisions contained in Part V - A on the 1958 New York Convention reflect the increasing reliance on this tool for the enforcement of arbitration agreements and awards. The "Commentary on the European Convention on International Commercial Arbitration of 1961" by Dominique T. Hascher contained in Part V - C, along with five court decisions applying this convention, document the growing importance of this international document. Also included are court decisions of general interest to arbitration practice from England, France and the Court of Justice of the EC; court decisions on the UNCITRAL Model Law as reported in "Case Law on UNCITRAL Texts (CLOUT)"; new arbitration rules of the Hungarian Chamber of Commerce, the Society of Maritime Arbitrators, Inc., and the World Intellectual Property Organization; updates on new arbitration legislation in Bahrain, China, Czech Republic, Egypt, Hungary, Ivory Coast, Romania, Singapore and Ukraine; up-to-date lists of Contracting States to the New York, European and Washington Conventions; and a bibliography of recent publications and current periodicals in the field of arbitration and alternative dispute resolution. |