Are there any special considerations for international arbitration awards?
Yes, there are special considerations for international arbitration awards in Delaware. International arbitration awards involve the resolution of a dispute between parties from different countries. The process for resolving international disputes is different than for domestic disputes. In international arbitration awards, the laws of the country where the dispute resolution takes place may not apply. The parties will agree in advance which law will apply to the dispute. Additionally, as part of this process, the parties may agree to arbitration outside of their home country. In this case, Delaware law governing the arbitration process will apply. When enforcing an international arbitration award, the Delaware court will consider the terms of the arbitration agreement, the applicable foreign law, and the rules of procedure that the parties agreed to. Additionally, the Delaware court will look to principles of public policy and Delaware law to determine if the award can be enforced. The Delaware court must also assess the fairness and fairness of the award. This includes considering any misconduct by either party, potential bias of the arbitrator, and any other factors that may have had an impact on the award. The Delaware court can choose to reject the award if the Delaware court finds that it is not fair or just.
Related FAQs
What is a motion to vacate an arbitration award?What is a class action arbitration?
What is a Model International Commercial Arbitration Act?
Is there a right of appeal in arbitration?
What is a writ of mandamus?
How do I challenge the jurisdiction of an arbitrator?
What is an agreement to arbitrate?
What does the Federal Arbitration Act say about the enforcement of arbitration awards?
What is the difference between the Federal Arbitration Act and state arbitration law?
What is a petition to confirm an arbitration award?
Related Blog Posts
Unlocking the Basics of Arbitration Law: What You Need to Know - July 31, 2023Top Tips for Navigating Arbitration Law Successfully - August 7, 2023
Comparing International and Domestic Arbitration: What Businesses Should Know - August 14, 2023
Effective Strategies for Drafting Arbitration Agreements - August 21, 2023
Common Misconceptions About Arbitration Law: What Everyone Needs to Know - August 28, 2023