Parallel State and Arbitral Procedures in International Arbitration

Book excerpt: In recent years, international commercial arbitration procedures have made great strides to bring into line different traditions of law and practice. But considerable problems remain. the aim of this new Dossier by the ICC Institute of World Business Law, is to give the reader a thorough picture of the practical issues raised by the conflicts arising when there is more than one arbitration and when commercial arbitrations run in parallel with state legal procedures. This is the third in a series of Dossiers from the Institute. See also Arbitration - Money Laundering, Corruption and Fraud and Arbitration and Oral Evidence. The issues, When a commercial arbitration takes place along with other commercial or investment arbitrations or legal proceedings a number of sensitive issues are raised: The same dispute can lead to contradictory awards. There is a risk of arbitral forum shopping, which can generate public policy problems. Issues of waiver and estoppel can arise. There is a need for both arbitrators and practitioners to better understand these conflicts and why they need to be addressed. the present volume lays out the issues in a transparent, easy-to-understand way. The authors Written by expert arbitrators and practitioners, some of whom are affiliated with ICCs Court of Arbitration, one of the worlds oldest and most respected arbitration institutions, Parallel Procedures is an indispensable guide for arbitrators, lawyers and anyone with an interest in arbitration procedures.