Academic journal article Texas International Law Journal

Introduction to Some Trends and Developments in the Laws and Practice of International Commercial Arbitration

Academic journal article Texas International Law Journal

Introduction to Some Trends and Developments in the Laws and Practice of International Commercial Arbitration

Article excerpt

Although forms of arbitration have existed for hundreds (or thousands) of years, the modern era can generally be divided into two phases: The developmental period from WWII to approximately 1995 and the growth period since then. In W. Laurence Craig's 1995 article, Craig analyzed the development of arbitration through the pre1995 era. The thoroughness of his research is confirmed by the multitude of times his article has been cited by other leading arbitration experts. Craig's article not only stands the test of time, but also was prescient about the issues and development of the international arbitration world for the following decades.

As Craig noted 20 years ago: "While the traditional [European] arbitration institutions and arbitration sites will continue to get their share of arbitration, more dramatic areas of growth can be seen in those regions of the world where arbitration has a shorter history ...The exponential growth of institutions and arbitrations in recent years in new venues like Singapore, Hong Kong, and Dubai confirms Craig's predictions.

Even the hot issues of today would not have surprised Craig in 1995. Craig noted: "The possibility of the recognition in an enforcement state of an award annulled where it was rendered has remained for the most part an academic construct."* 1 2 Although no longer just an academic construct today, his discussion on enforcement in 1995 demonstrates the awareness of issues to come for our field. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.