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The Forces of Economic Globalization Vol. 9 : Challenges to the Regime of International Commercial Arbitration :  Challenges to the Regime of International Commercial Arbitration - Lynch Katherine

The Forces of Economic Globalization Vol. 9 : Challenges to the Regime of International Commercial Arbitration

Challenges to the Regime of International Commercial Arbitration

Hardcover Published: August 2003
ISBN: 9789041119940
Number Of Pages: 466

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Increased economic interdependencies and trade flows between states, innovations in information technology and computer networks, a global shift toward market economies and regional and multilateral trade arrangements, have all led to an increasingly globalized world economy. The Forces of Economic Globalization: Challenges to the Regime of International Commercial Arbitration examines some of the challenges facing the regime of international commercial arbitration in the contemporary global economy. It considers the debates concerning the transformation of the global order and the role of nation states within the context of international commercial arbitration. Issues discussed include the transformative effect of economic globalization, the role of the epistemic community and the increased institutionalization within the international arbitral regime, the nationalization of international commercial arbitration and the denationalization and harmonization trends, the competitive nature of legislative reform, convergence and divergence in the international arbitral process, multilateralism and regionalism, market modernization and transnationalism, globalization and lex mercatoria, and the development of online arbitration schemes in cyberspace. This book seeks to analyze the inner penetration of a form of world polity or transnational order ' comprised of part epistemic community, institutional networks, national laws and multilateral conventions, norms, rules, principles and transnational ideology ' on the traditional notion of state sovereignty within the international arbitral regime. The book will interest practitioners and academics with an interest in international commercial arbitration.

Prefacep. xiii
Introductionp. 1
Risk and Uncertainty in International Commercial Transactionsp. 3
The Process of International Commercial Arbitrationp. 7
Private Neutral Forum for International Dispute Resolutionp. 11
Historical Development of International Commercial Arbitrationp. 15
Economic Globalization: Impact on State Sovereigntyp. 22
Issues Raised and Arguments Advancedp. 28
Topics Covered in Bookp. 34
Economic Globalization and National Sovereigntyp. 37
Introductionp. 37
Characteristics of Economic Globalizationp. 39
Complex Web of International and Transnational Contractsp. 42
Emergence of Powerful Transnational Economic Actorsp. 44
Global Integration of Financial Marketsp. 45
Dominance of Liberal Free Market and Free Trade Policiesp. 46
The Transformative Effect of Globalizationp. 49
Globalization and Loss of Sovereignty Argumentsp. 50
Refuting the Loss of Sovereignty Claimp. 52
Unraveling of Territoriality: The Denationalization Theoryp. 56
Changing Conceptions of State Sovereigntyp. 58
Modern Conception of State Sovereigntyp. 59
Continuing Relevance of State Sovereigntyp. 61
State Sovereignty and International Arbitrationp. 65
Contractual Theory of Arbitrationp. 66
Jurisdictional Theory of Arbitrationp. 68
Hybrid Theory of Arbitrationp. 71
Autonomous Theory of Arbitrationp. 72
A New Theoretical Approach Requiredp. 73
The Regime of International Commercial Arbitration, the Epistemic Community & Institutionalizationp. 77
Introductionp. 77
The Relevance of International Regime Theoryp. 80
The Current International Arbitral Regimep. 84
The Role of the Epistemic Community Within the Regimep. 94
Institutionalization and the Regime of International Commercial Arbitrationp. 104
Multilateralism and Regionalism in International Commercial Arbitrationp. 125
Introductionp. 125
Multilateral and Regional Conventions Concerning International Commercial Arbitrationp. 128
1923 Geneva Protocol on Arbitration Clauses and 1927 Geneva Convention on the Execution of Foreign Arbitral Awardsp. 128
1958 New York Conventionp. 129
1961 European Conventionp. 141
1972 Moscow Conventionp. 143
Montevideo Convention and Panama Conventionp. 143
Inter-Arab Conventionsp. 144
Bilateral, Regional and Multilateral Trade and Investment Related Treaties and Conventionsp. 145
1965 Washington Conventionp. 147
World Trade Organization and GATTp. 150
NAFTAp. 153
Energy Charterp. 156
Mercosurp. 157
Multilateral Agreement on Investmentp. 158
Impact of Multilateralism and Regionalism on the International Arbitral Regimep. 160
Nationalization of International Commercial Arbitration: Harmonization & Denationalization Trendsp. 167
Introductionp. 167
The Nationalization of International Commercial Arbitrationp. 169
Relevance of National Laws in the International Regimep. 170
Divergent Trends: Denationalization and Harmonizationp. 173
Importance of the Place of Arbitrationp. 176
Essential Features of Denationalization Debatesp. 178
Proponents of Denationalized Arbitrationp. 181
Opponents of Denationalizationp. 183
Application of the Denationalization Theoryp. 186
The Future of Denationalizationp. 195
Efforts to Harmonize Nationalize Arbitration Lawsp. 196
Meaning of Harmonizationp. 197
Justifications for Harmonizationp. 200
Methods to Achieve Harmonizationp. 203
Harmonization Efforts Within International Trade and Commercep. 205
Harmonization Within International Commercial Arbitrationp. 207
UNCITRAL and the Drafting of the Model Law on International Commercial Arbitrationp. 212
Drafting of the UNCITRAL Model Lawp. 215
Provisions of the UNCITRAL Model Lawp. 225
Conclusionp. 232
Reform and Modernization of National Arbitration Legislationp. 235
Introductionp. 235
Extensive Period of Legislative Reformp. 238
Adoption and Translation of the UNCITRAL Model Law in National Legislationp. 246
Reform at the Regional Levelp. 261
Reform in Latin American Statesp. 262
Reform in African Statesp. 264
Reform in Central and Eastern Europep. 266
Reform in Arab Statesp. 267
Reform in Asian Statesp. 268
Trends in the Reform of National Arbitration Legislationp. 269
Specialized Legal Regime for International Arbitrationp. 269
Emphasis on Territorialityp. 270
Harmonization and Denationalizationp. 272
Competitive Nature of Legislative Reformp. 273
Potential Problems Associated With Regulatory Competitionp. 276
The Race to the Bottom: Diminished State Controlp. 282
Convergence and Diversity in International Commercial Arbitrationp. 286
Convergence of Norms in International Commercial Arbitrationp. 288
Areas of Continuing Divergence in International Commercial Arbitrationp. 297
Continuing Diversity in the Face of Globalizationp. 301
The Paradox of Globalization and Nationalizationp. 305
Globalization and Lex Mercatoria: A Third Supranational Legal Systemp. 309
Introductionp. 309
Lex Mercatoria: A Third Supranational Legal System?p. 311
Historical Development of Lex Mercatoriap. 314
Existence, Sources and Content of Lex Mercatoriap. 317
Acceptance & Application of Lex Mercatoria By Nation Statesp. 323
National Arbitration Lawsp. 324
UNCITRAL Model Lawp. 327
International Arbitral Conventionsp. 328
International Arbitral Rulesp. 329
Application by Arbitration Tribunalsp. 330
Efforts at Codifying Lex Mercatoriap. 331
UNIDROIT Principles of International Commercial Contractsp. 332
The Future of the New Lex Mercatoriap. 335
Changing View of Lex Mercatoria: A Shift in Paradigmsp. 336
Privatized Decentralized Privatized Law Makingp. 339
International Commercial Arbitration in Cyberspace: A New Dimensionp. 345
Introductionp. 345
Regulation of the Internet and International E-Commercep. 352
Debates Over the Regulation of Cyberspacep. 352
Regulatory Initiatives at the International Levelp. 360
Regulatory Initiatives by National Statesp. 365
Private Self-Regulatory Initiativesp. 368
Development of ADR Schemes in Cyberspace: Diverse Approachesp. 370
Development of Online Negotiation and Mediation Schemesp. 373
Emergence of Online Arbitration Systemsp. 377
ICANN and Arbitration of Domain Name Disputesp. 384
Governance of Cyberspace Arbitration: Challenges to State Sovereignty and Controlp. 388
Adaptation of Current Regime of International Commercial Arbitrationp. 391
The Future of Cyberspace Arbitrations and Dispute Resolutionp. 396
Conclusionp. 401
Complexity of the International Arbitral Regimep. 403
Dynamic Nature of the Regimep. 404
Increased Density of the Institutional Matrixp. 404
Multilateralism Within the Arbitral Regimep. 406
Emergence of Cyberspace Arbitrationsp. 407
National Legal Systems and Transnationalismp. 408
Convergence and Divergence in International Arbitral Processp. 409
Market Modernization and Transnationalismp. 410
Impact of Globalization on State Sovereigntyp. 412
Emergence of a World Polity or Transnational Orderp. 414
Bibliographyp. 415
Indexp. 457
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9789041119940
ISBN-10: 9041119949
Series: International Arbitration Law Library
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 466
Published: August 2003
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 2.69
Weight (kg): 0.84