|
Americas
Editor’s Note: The United States and AAA continuously watch the Asia Arbitration Market
US Supreme Court declines to shed light on "manifest disregard"
The confusion over the status of “manifest disregard” standard as a ground for challenge to US arbitral awards is set to continue, after the Supreme Court decided on 9 October 2009 not to hear three cases that would have required it to clarify its position on the issue.
http://kluwerarbitrationblog.com/blog/2009/03/09/manifest-disregard-after-hall-street/
ADR Center in Bahrain Launched
On 10 January 2010 the Bahrain Chamber for Dispute Resolution-AAA (BCDR-AAA), a partnership between Bahrain's Ministry of Justice and Islamic Affairs and the American Arbitration Association, has officially opened its doors. Bahrain has introduced the concept of statutory arbitration for commercial and financial disputes, the first country to do so. Cases that would typically be filed with Bahrain's domestic courts, where the claim is over 500,000 Bahraini dinar ($1.3 million) and involves an international party or a party licensed by the Central Bank of Bahrain, will now be directed to the BCDR-AAA for binding resolution.
http://www.adr.org/sp.asp?id=37401
Haiti becomes the latest country to ratify ICSID Convention
On 4 November 2009 Haiti has ratified the ICSID Convention as part of a push to win back foreign investors deterred by its image of political turbulence.
http://www.globalarbitrationreview.com/
20% increase in the acceptance of arbitration cases in Peru
As it is reported in GESTION of Peru on 20 January 2010, the Center of Arbitration of the Chamber of Commerce of Lima had received 1,750 cases since the date of its foundation in 1993. The sum of cumulative balance exceeds $2.2 billion. In 2009, it received 208 new arbitration cases, a 20% increase over the same period of previous year. The total disputed amounts exceed $440 million. The majority of cases deal with construction, services and trade. Most disputes arising in construction business are related to contracts where the government is one of the parties.
http://www.ccarb.org/news_detail.php?VID=17820
Dong HaiZhou Wang QianLing Lin Qi
|
