The matter of jurisdiction of arbitral tribunal corresponds to Art.16 of the UNCITRAL Model Law and also to Art.21 of the UNCITRAL Arbitration Rules.

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The matter of jurisdiction of arbitral tribunal corresponds to Art.16 of the UNCITRAL Model Law and also to Art.21 of the UNCITRAL Arbitration Rules.

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International Arbitration & International Arbitration Attorney Network
New Post has been published on https://www.international-arbitration-attorney.com/?p=127274
Aceris Secures USD 19 Million ICC Arbitration Award for North American Client, Wards Off USD 131 Million in Counterclaims
Aceris Law has secured another highly favourable international arbitration award, obtaining an arbitration award in excess of USD 19 million on behalf of a North American client, while warding off counterclaims in excess of USD 131 million.
The final award in the ICC arbitration was rendered in October 2017. It concerned an engineering, design, procurement and supply contract for a manufacturing plant in the Middle East. The arbitration was commenced in December 2015 with the assistance of Aceris and rendered in October 2017. The ICC arbitration had its seat in London and was subject to English law.
The dispute involved complex legal and factual issues concerning contract interpretation, cross-claims, multiple parties, issues of quantum and an application for security for costs, which Aceris also assisted its client in defeating. The Respondent was represented by a large, leading international law firm, which brought nearly 1,000 pages of counterclaims. In the award, Aceris’ client recovered a greater amount than had been initially claimed in the Request for Arbitration. Its client was also reimbursed the bulk of the costs of the ICC arbitration.
“We are pleased to obtain another highly-favourable arbitration award for a client,” said William Kirtley, the founder of Aceris Law and a former lawyer at Shearman & Sterling and Salans (now Dentons). “The whole point of Aceris Law is to provide the best international arbitration legal representation available globally at more cost-effective rates for our clients, and we are glad to see a client convincingly succeed yet again.”
Aceris Law is a boutique arbitration law firm of six lawyers and three trainees, which serves as legal counsel for arbitrations in any jurisdiction and under any law, as well as in investment treaty arbitration disputes and public international law disputes. It has access to offices in 120 countries to meet and work with clients, and its lawyers have served as legal counsel in disputes on all inhabited continents.
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International Arbitration &
New Post has been published on http://www.international-arbitration-attorney.com/william-kirtley-discusses-interim-measures-prohibit-sale-assets-arbitration-bbc-news/
William Kirtley Discusses Interim Measures To Prohibit The Sale Of Assets During Arbitration With BBC News.
William Kirtley Discusses Interim Measures To Prohibit The Sale Of Assets During Arbitration With BBC News.
Interviewed by BBC News (BBC Mundo) in relation to Petróleos de Venezuela S.A.’s planned sale of its American assets, William Kirtley discussed the possibility of prohibiting the the sale of State-owned assets through interim measures issued by arbitral tribunals or through domestic courts.
Arbitral tribunals have the power to prevent the sale of assets to preserve the status quo pending resolution of the outcome of the dispute under most modern international arbitration rules. State courts also have the power to issues interim measures in support of arbitration, which are similar in nature and often overlap with the arbitral tribunal’s own power in this respect.
Arbitrators will order interim measures, which are intended to preserve the status quo pending the outcome of the dispute, in the event of likely harm to one party. This is often because the transfer of assets will make it more difficult to enforce an eventual arbitration award, putting the assets outside of the reach of enforcement proceedings.
The BBC’s article on this matter may be found at:
http://www.bbc.co.uk/mundo/noticias/2014/08/140807_economia_venezuela_pdvsa_citgo_venta_az.shtml.
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