BAC Newsletter Issue 15
 
 
   
   
   
   
Recent News
International News
Focuses
Selected News from Abroad
New Laws Express
Trends and Developments
 
 
International News
 
   
 

����The HK Government suggests reforming their Arbitration Law, in order to make HK the center of regional dispute resolution, as well as conforming to international principles. Compared to the current system, the new draft will limit judicial intervention and give more rights to the parties. After extensive consultation, the reform suggestion has been recorded into the Arbitration statute draft, published ingazette. After the draft passes and becomes law, based on the UNCITRAL model law on International Commercial Arbitration, a separate arbitration system will be instituted, removing the difference between domestics and international arbitration. The HK legislation commission will read and initiate a second round of discussion of the draft on 8th of July.
������Refer to http://www.ccarb.org/news_detail.php?VID=14467��

����The U.S. Supreme Court granted certiorari to hear Stolt-Nielsen S.A. et al. v. AnimalFeeds International Corp.,No. 08-1198 (June 15, 2009), presumably to answer whether class arbitrations are allowed under the Federal Arbitration Act when the contract arbitration clause is silent on that point. But ultimately not decided when that case was remanded for a determination by the arbitrator of whether the parties' contract was actually silent on the question of class arbitration. (Westlaw)

����The Russian translation of the Guidelines on Conflicts of Interest in International Arbitration is now available. The preparation of the Russian translation was undertaken by a working group formed in early 2008, consisting of Ivan Marisin and Irina Sergeeva of Clifford Chance, Vladimir Khvalei and Ekaterina Solomatina of Baker & McKenzie, and Ilya Nikforov and Sergey Abesadze of Egorov Puginsky Afansiev & Partners.
����http://www.ibanet.org/Document/Default.aspx?DocumentUid=601BFA34-F5E6-4CD8-A4C1-D1C0BDF4CEBE

����Responding to the economic downturn, the American Arbitration has launched a flexible fee payment schedule for parties who file arbitration cases in commercial, construction, international and individually negotiated employment disputes. (Lawyers USA , can be found in Lexis Nexis Academic News)

 

 
 
 
 
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