05-26-2021, 06:44 PM
Failure to Specify Arbitral Seat in the Arbitration Clause May Result in Unenforceable Award
Relevance of the arbitral seat
The seat is an important legal concept, as its law provides the supporting legal framework for the arbitration and its courts supervise the arbitration. Further, the seat usually determines the nationality of the award which is relevant to enforcement. The seat can therefore have a material impact on the course and outcome of the arbitration. The seat is not to be confused with the factual venue where arbitration meetings and hearings are conducted...
Click for the full article: https://globalarbitrationnews.com/failur...ble-award/
Relevance of the arbitral seat
The seat is an important legal concept, as its law provides the supporting legal framework for the arbitration and its courts supervise the arbitration. Further, the seat usually determines the nationality of the award which is relevant to enforcement. The seat can therefore have a material impact on the course and outcome of the arbitration. The seat is not to be confused with the factual venue where arbitration meetings and hearings are conducted...
Click for the full article: https://globalarbitrationnews.com/failur...ble-award/