On 13 December 2016, an award given by the China International Economic and Trade Arbitration Commission (CIETAC Hong Kong) was enforced in mainland China for the first time.
On 30 October 2016, the Comprehensive Economic and Trade Agreement (CETA) was adopted by the Council and signed at the EU-Canada Summit. Once applied, CETA will provide EU firms with better business opportunities in Canada as well as support job expansion in the EU.
In October 2016, the ICC Executive Board approved changes to the ICC Rules, which will take effect as of 1 March 2017.
Choosing a suitable seat of arbitration is of paramount importance. The decision will play a vital role in how the arbitral proceedings are conducted, especially with regard to the involvement of domestic courts.
A detailed review of the case where COMMISA and PEP entered into a contract that provided that the former would build oil platforms in the Gulf of Mexico.
A look at developments following the recommendation that third-party funding should be permitted under the law of Hong Kong for arbitrations taking place in Hong Kong.
Civil and Commercial Mediator David Richbell provides an update on his recent involvement with CIArb’s Mediation Sub-Committee, and the projects the Sub-Committee have planned for the coming months.
In February 2013, when Gujarat State Petroleum Corporation Limited, together with two other Indian companies, brought arbitration proceedings against the Republic of Yemen and its Ministry of Oil and Minerals for the termination of three petroleum exploration contracts on the ground of force majeure.