Practice International Commercial Arbitration (2.7) - Arbitration, Conciliation, and ADR Systems

Practice: International Commercial Arbitration

Lesson 2.7Arbitration, Conciliation, and ADR Systems

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8 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define International Commercial Arbitration.
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Think about cross-border disputes.
Question 2.
What is an arbitral award?
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It's what the arbitrator hands down at the end.
3Question 3.
What is the purpose of the New York Convention?
- To prevent arbitration
- To enforce arbitral awards internationally
- To establish national arbitration laws
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Think about which aspect of arbitration the Convention addresses.
4Question 4.
True or False: An arbitral award is non-binding.
- True
- False
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Recall the definition of arbitral awards.
Question 5.
Consider two companies from different countries that have an arbitration agreement. One side wants to contest an award claiming it violates their local public policy. Discuss the process and implications of this scenario.
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Focus on the jurisdictions involved and how differing legal interpretations may affect the outcome.
Question 6.
Analyze how party autonomy can lead to challenges in enforcing an arbitration award if the agreed rules conflict with mandatory national laws.
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Think about how local laws can sometimes override agreed terms in arbitration agreements.

4 more questions in this section. Enroll free to practise them all.