Law 5110 Study Guide - Quiz Guide: United Nations Commission On International Trade Law, Complete Review, Eriador
Document Summary
Icc and uncitral are many similarities (e. g. art. 11(1) of the icc is the same as art. 12 of uncitral, talking about impartiality/independence: however icc rules are more specific, especially on procedural aspects (e. g. art. 13 requires that the arbitrators selected by the parties be conformed by the court, also prohibits them to have the same nationality as the parties: art. Applicability of the ny convention: there are 5 requirements in order for the convection to apply: 1(1): award in question must be an arbitral award. There must have been a valid arbitration agreement/clause between the parties (also art. The subject matter of the dispute must be capable of settlement by arbitration. 1(3): the contracting state did not make a exceptions/reservation to the applicability of the convention. If these requirements are met then at the request of one of the parties the court of a contracting state is obliged to refer the parties to arbitration (art.
