Arbitration of International Business Disputes

• Collection of significant and timeless articles by William W. (Rusty) Park, a leading scholar in international commercial arbitration
• Fully revised and updated to enhance relevance to international arbitration lawyers
• Examines some of the most salient issues in cross-border business dispute resolution of the last thirty years, many of which remain subject to controversy
• An essential text for serious arbitration academics and practitioners alike

New to this edition

• Twelve new essays based on recent articles
• New chapter which draws together key themes from current debates on the future of arbitration
• Fully revised to take into account contemporary developments

Readership: International arbitration practitioners worldwide, and academics, as well as students at all levels.

William W. Park, Professor of Law, Boston University

William W. (Rusty) Park is Professor of Law at Boston University, respected Arbitrator, and President of the London Court of International Arbitration. His practice and teaching focus on international financial and commercial transactions. He was previously Director of Banking Law Studies at Boston University and has held visiting academic appointments at the universities of Cambridge, Dijon, Hong Kong, Auckland and Geneva, as well as the Fletcher School of Law and Diplomacy. He has served as arbitrator in ICC, AAA, LCIA, ICSID, IACAC, UNCITRAL and ad hoc proceedings, and arbitrates in French as well as English. He was appointed to the Panel of Arbitrators for the International Centre for Settlement of Investment Disputes in 2008. Park has published widely and is also General Editor of Arbitration International, the Official Journal of the London Court of International Arbitration (LCIA).

Review(s) from previous edition

"Once in every few years, there comes along in most disciplines a book which is quite special. In our discipline of dispute resolution, only one or two fine minds have attempted to collect, digest, analyse and expound the whole body of knowledge about a subject as large as international commercial arbitraton. Professor Park has done that and more: he has given every topic his own new twist. - The Editor, Arbitration (Journal of the Chartered Institute of Arbitrators)

"This is the book to read for anyone who wishes to understand the evolution of arbitration in the last quarter of a century." - Gabrielle Kaufmann-Kohler, President of the Swiss Arbitration Association

I. The Nature of International Business Arbitration
1: Change and Continuity: The Maturing of Arbitration
2: Arbitrator Integrity
3: Arbitration and Accuracy
4: The Politics of Arbitration
5: Arbitration s Procedural Matrix
II. Legal Framework: Courts, Statutes and Treaties
A. Arbitral Jurisdiction
1: Who Decides What? A Comment on Lesotho Highlands
2: The Arbitrability Dicta in First Options
3: The Contours of Arbitral Jurisdiction
4: Private Adjudicators and the Public Interest
5: The Arbitrator s Jurisdiction to Determine Jurisdiction
6: Non-Signatories and International Contracts
B. Judicial Supervision
1: Quis Custodiet Ipsos Custodes?
2: Why Courts Review Arbitral Awards
3: The Arbitral Situs and Lex Loci Arbitri
4: Saving the FAA
C. The Effect of Annulment
1: What is to be Done with Annulled Awards?
2: Duty and Discretion in International Arbitration
D. The Architecture of Arbitration
1: The Interaction of Courts and Arbitrators in England
2: Amending the Federal Arbitration Act
3: National Constraints on International Arbitration
4: The International Currency of Awards
5: Convention Violations and Investment Claims
6: Treaty Obligations and National Law
E. The Contractual Context
1: A Cautionary Tale About Hometown Justice
2: The Arbitration Clause: Drafting Considerations
III. Arbitral Proceedings: Establishing the Facts and Applying the Law
A. Counterpoise Between Fairness and Efficiency
1: Arbitration s Discontents: Of Elephants and Pornography
2: The Value of Rules and the Risks of Discretion
3: Two Faces of Progress
4: The Four Musketeers of Arbitral Duty
B. Substantive Norms
1: National Law and Commercial Justice
2: Neutrality, Predictability and Economic Cooperation
3: Lex Mercatoria
4: Rules and Standards in Private International Law
5: The Uses of Comparative Law in Arbitration
6: Framing the Case on Quantum
C. Procedural Norms
1: The Procedural Soft Law of International Arbitration
2: Procedural Default Rules Revisited
IV. Selected Issues for Further Study
A. Financial Transactions
1: Arbitration in Banking and Finance
2: Mass Claims and Dormant Swiss Accounts
B. Intellectual Property
1: Betting the Family Jewels: Intellectual Property
C. Taxation
1: Arbitrability and Tax
D. Investment Arbitration
1: The Challenge of Sovereignty
2: The New Face of Investment Arbitration
3: Legal Issues in the Third World s Economic Development
E. Comparing Arbitration and Court Selection
1: The Hague Choice of Court Convention
2: Bridging the Gap in Forum Selection
3: When and Why Arbitration Matters
Index