Parties can appoint arbitrators with specific technical or industry knowledge (e.g., oil and gas, maritime law, or intellectual property).
The Seat is the legal home of the arbitration (e.g., London or Singapore). Its laws govern the procedure and the court's power to intervene. The Venue is simply where the hearings physically take place. The Principles and Practice of International Co...
Because of the New York Convention, it is often easier to enforce an arbitral award globally than it is to enforce a national court judgment. Conclusion Parties can appoint arbitrators with specific technical or
This is the "engine" of ICA. It is a treaty signed by over 170 countries that requires national courts to recognize arbitration agreements and, most importantly, enforce foreign arbitral awards as if they were local court judgments. 2. The Practical Process oil and gas
